Macy’s acquisition completes Festival’s Simi Valley site plan

Written by: Al Urbanski

The Festival Companies has purchased the former Macy’s parcel contiguous to its Simi Valley Town Center, about halfway between Los Angeles and Santa Barbara.

This acquisition gives Festival control of the entire town center site—comprising 600,000 sq. ft. of retail space--as well as ownership of the anchor property situated at the gateway of the development.

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