Sale means the end for Bedford Macy’s
Texas firm buys property for new commercial development
After 50 years as the site of one of New Hampshire’s landmark stores, the Macy’s department store off Interstate 293 in Bedford will be shutting down.
The property on South River Road has been sold to Dallas-based commercial investment firm Encore Enterprises, which plans to develop the site into a multi-use “lifestyle center,” according to Bob Rohrer, managing director of Colliers International NH, which brokered the sale.
The property was build in the 1960s as the site of a Jordan Marsh store before becoming a Macy’s in the 1990s. Another Macy’s serves as an anchor of the Mall of New Hampshire, which is less than five miles away.
The Bedford store will remain open through the holiday season, officials said.
According to Rohrer, Encore has completed over $1.6 billion in acquisitions and developments since its establishment in 1999.
Rohrer told NH Business Review that Encore plans to attract retail, office and hospitality tenants to the 16-acre site. Encore has hired PCA Architects of Boston to help with the plan.
The Macy’s property abuts the site of the former Wayfarer hotel, where the Whole Foods supermarket Goffs Mill Market is being built as part of the Goffs Mill Market project.