As part of its plan to reduce its portfolio and cut costs amid Chapter 11 bankruptcy, J.C. Penney is looking to sell off its interest in 163 locations across the country. The department store chain has tapped Cushman & Wakefield and B. Riley Real Estate to sell the leases for 142 locations, as well as 21 stores it owns, Business Insider reported. “There’s all kinds of interest and there are some good properties here,” B.
source https://therealdeal.com/2020/08/04/j-c-penney-taps-cushman-b-riley-to-sell-163-locations/
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