Boston’s famed century-old Filene’s department store will likely be converted into retail and office space, going the way of many of the city’s downtown landmark buildings.Federated Department Stores Inc (up $0.02 to $36.48, Charts), which acquired the store as part of its acquisition of May Department Stores, will sell it to Vornado Realty Trust (up $0.39 to $98.74, Charts) for about $100 million, the companies said Monday.

The store, originally opened in 1890, will likely be redeveloped and expanded into offices and retail use, pending government approval, Vornado said.

The Boston store is one of the locations Federated had said earlier it would divest, though it will keep operating a clearance center on the first floor of the downtown Filene’s at least through this summer. Federated is keeping its Downtown Crossing Macy’s store.

Federated has announced buyers for 57 of its 80 locations. The transaction is expected to be completed in the fourth quarter of this year and proceeds, about $70 million after taxes, have already been included in the $400 million to $500 million after-tax total expected from the sale of duplicate stores nationwide, as previously announced.

Federated shares were down 25 cents at $36.21 in early trading.