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Amazon in Talks to Lease Former Lord & Taylor Building
Although Amazon walked away from plans for a Long Island City campus, it still wants to grow its local presence substantially. Following reports that the e-commerce giant was considering Industry City in Brooklyn for a logistics hub, the New York Post reported that Amazon was in talks to rent the Lord & Taylor building in Midtown, which WeWork acquired in January.
Ahead of plans to go public, WeWork is scrambling to secure a commitment for at least part of the 800,000 square feet of office at Lord & Taylor’s former flagship on Fifth Avenue, the Post reported. “An empty, landmarked building on Fifth Avenue is not the signal they want to send to investors as they ready their IPO,” a source told the Post.
However, a source warned that Amazon has been shopping for office space across Manhattan and a deal with WeWork can’t be counted on until it happens.
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