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

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

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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