At King of Prussia Mall, Amazon Distribution Centers May Replace Vacant J.C. Penneys/Sears

By

Simon Property Group, the King of Prussia Mall owner, and Brookfield Property Partners have agreed to purchase J.C. Penney for $1.75 billion in debt and equity. Image via Philly.com.

Simon Property Group is in talks with Amazon to turn vacant J.C. Penney and Sears space into fulfillment centers, write Ashley Gurbal Kritzer and Natalie Kostelni for the Philadelphia Business Journal.

The deal could have major implications for several Simon-owned properties in Montgomery County. This includes the shopping mecca, King of Prussia Mall, which is home to both J.C. Penney and Sears.

Simon Property has already been in talks to turn King of Prussia into more of a mixed-use property, including making the vacant J.C. Penney space into apartments, offices, a hotel, or some other spaces.

Still, King of Prussia Mall may not be the target in the current talks with Amazon as it is unlikely that Simon Property  would want to populate the high-end area with tractor-trailers and fleets of Amazon vans.

But several of its other properties including Montgomery Mall in North Wales that is also home to both J.C. Penney and Sears, could be potential candidates.

Meanwhile, Philadelphia Premium Outlets in Pottstown is home to neither of the department stores.

Read more about Simon Property Group at the Philadelphia Business Journal by clicking here.

You Might Also Like                            

J.C. Penny Closes Its Stores in King of Prussia and Willow Grove Malls

Sears Announces Another Round of Closing Stores, Montgomery Mall Location Among Them

While Malls Rebound, Their Anchor Stores Continue to Struggle

Stay Connected, Stay Informed

Subscribe for great stories in your community!

"*" indicates required fields

Hidden
MT Yes
This field is for validation purposes and should be left unchanged.
Advertisement