Two of J.C. Penney’s landlords are trying to buy their way out of trouble. Mall owners Simon Property Group and Brookfield Property Partners are said to be considering a joint bid to buy the beleaguered department store chain, the Wall Street Journal reported. Talks were first reported last week, and at the time, brand management company Authentic Brands Group was involved. J.C. Penney filed for bankruptcy last month and experts say the landlords’ acquisition of
source https://therealdeal.com/2020/06/24/simon-property-group-brookfield-might-bid-on-j-c-penney/
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