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Sephora has just inked a deal for a 7,000 square-foot location at 750 Lexington Avenue at East 60th Street, which up until very recently, belong to Levi's. The Post reports: "Sources said the deal was inked at $700 per foot, which is at the top of the market in that area. Ten years ago, the Levi's deal was made at less than half that amount."
Levi's has yet to update their store locator, but an employee told us that the store closed up shop about a week ago. The new Sephora will be the brand's 17th in the city, with one located very close by at Lexington Avenue and 57th Street. No word on when the new one plans to open, and what that means for the nearby store a few blocks away.
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