Thanks for the reply. It looks like I have an issue with my privileges on my mac. I am able to copy the preset files into the lightroom presets folder on my mac via finder but when I select to import via lightroom the library folder is greyed out. I did some quick research and it looks like this is an issue on my end (Mac).
I will have to research further as I am able to download presets with a .xmp extension and import them with no problem.