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Amazon buying Lord & Taylor building for $1.1B

Amazon is buying the Lord & Taylor building from WeWork for $ 1.15 billion. The bulk of the purchase price comes in the form of a $ 750 million construction loan WeWork took out to renovate the massive property, which Amazon will pay down, according to the New York Post. The rest is approximately $ 350 million in equity the e-commerce giant will shell out. The Real Deal first reported in late February that Amazon was in talks

The Real Deal New York

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