Landlords Swoop In For $1.75B JC Penney Rescue Deal
By Vince Sullivan ( September 9, 2020, 3:36 PM EDT) -- Mall owners Simon Property Group and Brookfield Property Partners cemented an offer Wednesday to purchase the retail operations of J.C. Penney in a $1.75 billion deal that would see existing secured lenders take ownership of about a quarter of its 650 go-forward store locations and its distribution centers....
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