Amazon to Purchase Lord & Taylor Building, N.Y. Post Reports

The Lord & Taylor building on 5th Avenue in Manhattan.Photographer: Spencer Platt/Getty Images
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Amazon.com Inc. is buying the Lord & Taylor building in Midtown Manhattan as it expands in New York City.

The e-commerce giant is paying more than $1 billion for the Fifth Avenue property, according to a report in the New York Post. The building has been owned by the troubled office-sharing startup WeWork.