Lord & Taylor Sold to NRDC Equity Partners
Federated Department Stores Inc., Cincinnati, has sold the 180-year-old department store chain, Lord & Taylor, to NRDC Equity Partnership for $1.195 billion. Included in the sale are 48 stores in the Northeast, Midwest and Virginia, and a distribution center in Wilkes-Barre, Pa. NRDC Partners plans
to keep the 600,000-sq.-ft. flagship located on Fifth Avenue in New York in tact, according to The New York Times. "I'm not sure we want to operate Lord & Taylor without a Fifth Avenue location," said NRDC president Mr. Baker to The Times. NRDC, a partnership between principals of Apollo Real Estate Advisors and National Realty and Development Corp., plans to run Lord & Taylor as a specialty retailer retaining the current management team.
In addition, make sure to read these articles:
- Federated Agrees to Sell Lord & Taylor to NRDC Equity Partners; Transaction Expected...
- Federated Sells Lord and Taylor
- on the move
- Apollo completes latest fund managers' purchase.
- Koger Sells 10 Sites in 6 Cities, 3 States
- $40m Vornado purchase.
- Landmark Savannah Hotel Snagged for $5OM
- Apollo Invests $50M in CRIIMI Mae To Aid Reorganization
- The Local Wyndham Now Managed By Namesake
- 12 Retail Centers + 2 Partners = $116M JV
- Apollo Taps Stoler as Senior Principal
- Two cinema projects proposed for downtown Riverhead, but there's room for only one
- All-rounder Neibart loves working in the fast lane.
- Two cinema projects proposed for downtown Riverhead, but there's room for only one
- Opportunists are all set to pounce.
CINCINNATI -- Federated Department Stores, Inc. (NYSE:FD)(NYSE Arca:FD) today announced that it has signed an agreement to sell its New York-based Lord & Taylor ......
Federated Department Stores, Inc. announced Thursday that it has signed an agreement to sell its New York-based Lord and Taylor division to NRDC Equity Partners, ......
NEW YORK ......
Apollo Real Estate Advisors announced that it has completed the acquisition of the funds management business of the Value Enhancement Funds series from Lend Lease ......
Four months after its initial announcement, Koger Equity Inc. has closed on its sale of 10 properties comprising 75 suburban office buildings and a retail ......
A 62,000 s/f retail building near Union Square at 25 W. 14th St. has been sold by a joint venture of Mark Holdings LLC and ......
Apollo Real Estate Advisors sold the Hyatt Savannah to Highland Hospitality Corp., a recently formed hotel REIT, for $50 million.
Rockville, MD?CRIIMI Mae released details of its $910 million reorganization plan, which calls for approximately $435 million of debt financing and $425 million from such ......
After terminating a 10-year franchise agreement with Apollo Real Estate Advisors, management of the Wyndham Palm Springs, a 410-room property adjacent to the Palm Springs ......
P. O'B. Montgomery & Co., Apollo Real Estate Advisors and GE Capital Real Estate have purchased 12 retail centers from Burnham Pacific for $116 million ......
Apollo Real Estate Advisors L.P. has brought in Michael Stoler to work at the company's New York City office as senior principal....
<p>Supervisor Phil Cardinale is so convinced a multiplex will spark a revival of his moribund downtown that he promises a kiss on the cheeks for ......
If there's one thing that Lee Neibart has never let happen to himself in the real estate industry, it was to get pigeon-holed into a ......
<p>Supervisor Phil Cardinale is so convinced a multiplex will spark a revival of his moribund downtown that he promises a kiss on the cheeks for ......
A looming hike in interest rates will have little impact on New York's commercial sales market, experts predicted this week. In fact, investment in the ......
Email
Digg It
del.icio.us
Related Resources
Business Resources
Sponsored Links
Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy
Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.
© Copyright 2006 Nielsen Business Media, Inc. All rights reserved.
You may not repost, republish, reproduce, package and/or redistribute the content of this page,
in whole or in part, without the written permission of the copyright holder.
Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
