NEW YORK CITY—General Growth Properties is marketing the top floor of its 200 Lafayette St. building leased to struggling retailer JC Penney.
The Plano, TX-based retailer had inked a 15-year lease deal for the entire seven-story building back in May 2012 with then building owner Jared Kushner, according to The Real Deal. The lease deal also included three five-year renewal options. Chicago-based General Growth acquired the property in September for $148.75 million.
JC Penney will continue to lease floors fourth, fifth and sixth floors where it houses its in-house fashion design team. CBRE is marketing the top floor space at the 130,000-square-foot loft property for General Growth. See story in The Real Deal.
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