Simon expands at Dadeland Mall, pays $16M for JCPenney ground lease

Simon Property Group is JCPenney’s new landlord at Dadeland Mall in Kendall, acquiring the ground lease for the big box store for $15.6 million. An affiliate of Indianapolis-based Simon, led by David Simon, bought the leasehold interest in the 190,962-square-foot department store at 7201 Kendall Drive, records show. With the purchase, Simon now owns all […]This article originally appeared on The Real Deal. Click here to read the full story.