That takes some balls. Zara has taken over the lease of the NBA Store on Fifth Avenue and 52nd Street which is 32,000 square feet of prime Manhattan commercial real-estate. The deal only cost the retail chain $400 million. Zara had to take over the lease of the NBA Store which still had a few years left on it. They’re gonna need to sell a whole lot of knockoff designer footwear to recover those benjamins.
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