Biggest Remaining Tenant in SF's Biggest Mall is Closing Its Doors

The struggling San Francisco Centre mall just lost its last remaining anchor tenant.

Bloomingdale’s, owned by Macy’s Inc., announced that it will close its flagship location on Market Street in April.

The department store occupies five floors in the mall, which has had mass vacancies since the pandemic.

According to data on commercial mortgage-backed security loans, Bloomingdale’s had a lease that was supposed to run until 2046. It is not immediately clear if or how the retailer will exit that lease.