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J.C. Penney's Distribution Hubs, 25 Stores Land on Market With Leases in Tow

Department Store Chain's Lenders Tap Eastdil Secured and Newmark to Market Properties
J.C. Penney has received bankruptcy court approval to sell its operating business to Simon Property Group and Brookfield Asset Management in a deal giving lenders ownership of the nearly 170 properties that house its stores and distribution centers. (Getty Images)
J.C. Penney has received bankruptcy court approval to sell its operating business to Simon Property Group and Brookfield Asset Management in a deal giving lenders ownership of the nearly 170 properties that house its stores and distribution centers. (Getty Images)

Real estate once owned and now leased by J.C. Penney landed on the market this week, giving investors the chance to buy some properties that are tied to long-term leases by the department store retailer.

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