Real Estate Weekly
Image default
Deals & Dealmakers

Amazon checks out Lord & Taylor

By Sabina Mollot

E-commerce giant Amazon, which has been on the hunt for office in New York City since its well-publicized plan for a headquarters here was killed, has set its sights on the old Lord & Taylor Building.

The now empty property was bought by WeWork earlier this year for $850 million. Interest in the 10-story, landmarked building on Fifth Avenue between 38th and 39th Streets was first reported by the Wall Street Journal.

Additionally, this week Amazon was said to be considering a ground-up distribution center in Maspeth, Queens, according to Crain’s.

Other places the Jeff Bezos-owned behemoth is said to have looked for space are Industry City in Brooklyn, Brookfield’s soon-to-rise Two Manhattan West and Vornado’s Farley Post Office building project on Ninth Avenue, the Post previously reported.

The paper also quoted an anonymous source suggesting the leak of Amazon’s ongoing search could be a negotiating tactic by the company with other landlords.

WeWork and Amazon both declined to comment for this story.

It’s also unclear which departments or operations the e-tailer is looking to house. Last week, Amazon announced a joint venture with Realogy on a home-selling platform available in 15 major markets, but New York isn’t one of them.

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million


Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building


Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando