Property News · October 25, 2017

Lord&Taylor selling iconic New York store to office space sharing company WeWork for US$850m


Lord&Taylor’s flagship store in Manhattan, known for its holiday displays along Fifth Avenue, is being sold to the office space sharing company WeWork.
The nearly 100-year-old building will be converted to WeWork headquarters, with less than a quarter of the space remaining for a Lord&Taylor store. Right now, 10 of the building’s 11 floors are devoted to retail.
WeWork attracts millennials who are looking to share office space, a consumer segment that Lord&Taylor owner…

Source : South China Morning Post
Read more…Lord&Taylor selling iconic New York store to office space sharing company WeWork for US0m

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