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J.C. Penney Gets Bankruptcy Court Approval to Auction Surplus Real Estate

Portfolio of 24 Owned Stores and 142 Retail Leases Set for Auction
J.C. Penney's Manhattan store in New York City is among the leases on the market as part of the retailer's real estate portfolio auction. (Getty Images)
J.C. Penney's Manhattan store in New York City is among the leases on the market as part of the retailer's real estate portfolio auction. (Getty Images)
CoStar News
August 12, 2020 | 8:20 P.M.

Department store retailer J.C. Penney plans to begin auctioning off some surplus real estate it owns as well as retail store leases to raise funds as part of its Chapter 11 bankruptcy process.

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News | J.C. Penney Gets Bankruptcy Court Approval to Auction Surplus Real Estate