Second Horizon Capital Acquires Macy’s Site at Kingston Collection in Sale-Leaseback Transaction
KINGSTON, Mass. (Oct. 9, 2024) – Second Horizon Capital, an impact real estate investment firm that partners with communities to transform large-scale, underinvested commercial properties into vibrant destinations and local economic engines, announced today that it has acquired the 150,000 square foot Macy’s box and 15.2 acre parcel at Kingston Collection as part of a sale-leaseback transaction. As part of the transaction, Macy’s will continue to operate at Kingston Collection through early 2025.
“We are pleased to add the Macy’s parcel to our investment at Kingston Collection,” said Howard Levine, Managing Partner & Co-Founder of Second Horizon Capital. “This acquisition supports the next steps in implementing a vision for the long-term evolution of the center.”
With the completion of the Macy’s acquisition, Second Horizon Capital anticipates embarking into a series of listening sessions with local stakeholders as it works to further develop and implement a long-term vision for the center.
“We appreciate Macy’s engagement throughout this process," said Camilo Varela, Managing Partner & Co-Founder of Second Horizon Capital. “We look forward to exploring additional feedback from the center’s stakeholders as we continue our work towards supporting Kingston Collection in meeting the needs of Kingston and surrounding communities.”
About Second Horizon Capital
Second Horizon Capital is an impact investment firm that partners with communities to transform large-scale, underinvested commercial properties into vibrant destinations and local economic engines. The firm honors its role by investing in, supporting, and stewarding each community that it joins. Second Horizon Capital focuses on bringing community stakeholders, including municipalities, business owners, community groups, tenants, and end-users to the forefront in reinvigorating community hubs. By driving long-term value enhancement, seeking more equitable outcomes, and partnering with local stakeholders, Second Horizon Capital works to enhance its communities, as well as the properties themselves. Additional information on Second Horizon Capital can be found on the company's website at www.secondhorizon.com.
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RJ Bruce
