By  on May 20, 2014

NEW YORK — Kate Spade & Co. has surrendered the lease of the former Juicy Couture flagship at 650 Fifth Avenue here and received $45.8 million from the building’s landlord in addition to $5 million paid earlier.

Payment was made by the landlord of the building, a joint venture between Jeff Sutton’s Wharton Properties and SL Green Realty, the company said in a Securities and Exchange Commission filing.

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