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.
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