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New Details Reveal How Much Simon, Brookfield Are Paying for JCP Rent

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Simon Property Group and Brookfield Asset Management are paying an initial annual base rent of $156.6 million for JCPenney leases. The two mall operators were the mass retailer’s largest landlords at the time bankrupt J.C. Penney filed its Chapter 11 petition in May last year. A regulatory filing with the Securities and Exchange Commission on…

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