Simon Property Weighs Empty Mall Spaces as Amazon Centers: DJ
- Both sides could fail to reach an agreement, Dow Jones says
- Amazon weighs grocery-store plans in J.C. Penney locations: DJ
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Mall operator Simon Property Group Inc. has been in talks with Amazon.com Inc. to turn some empty store space formerly occupied by anchor tenants such as J.C. Penney Co. Inc. and Sears Holdings Corp. into Amazon fulfillment centers, Dow Jones reported, citing people familiar with the matter.
The discussions started before the coronavirus pandemic, with the two companies exploring the idea of buying out occupied space from the retailers in some cases.