WeWork Acquires New Headquarters in New York City
The shared office space company will move into Lord & Taylor’s iconic Fifth Avenue building
Hagar Ravet | 18:15 24.10.2017
Shared office space company WeWork has signed a deal to acquire Lord & Taylor’s flagship New York City store for $850 million, the company announced Tuesday.
Lord & Taylor’s luxury department store opened in 1914 in its central location on Fifth Avenue. The Italian Renaissance building was named a New York City landmark in 2007. Following the holiday season next year, the landmark building would be converted into WeWork’s New York headquarters, a WeWork office space, and a redesigned Lord & Taylor store that will occupy approximately 150,000 square feet, the company said.