The Gwinnett County Board of Commissioners purchased Macy’s department store and its furniture store buildings and additional acres during its meeting on Tuesday night. The purchase cost $16.5 million and will be funded through bonds from the Urban Redevelopment Agency.

The pending sale puts the closed mall one step closer to demolition, a process expected for sometime in late 2025

Macy’s offloaded a couple of retail properties in South Florida, selling both for a combined $28 million. Most recently, an affiliate of Columbus, Ohio-based Washington Prime Group paid $15 million for a Macy’s department store at Boynton Beach Mall at 801 North Congress Avenue in Boynton Beach, records and real estate database Vizzda show.

Macy’s sold its department store at the Boynton Beach Mall to the mall's owner, which has a redevelopment plan in the works. The Cincinnati-based retailer (NYSE: M) sold the 224