JCPenney cut the ribbon on its first Manhattan store today in the Manhattan Mall, and it’s poised to be its highest-volume location, said Mike Ullman, chairman and CEO of the department store chain, following a press preview headlined by Mayor Michael Bloomberg. JCPenney signed a lease for 153,000 square feet for “more than 10 years,” to be the anchor tenant in the 500,000-square-foot Manhattan Mall at 33rd Street and Sixth Avenue, Michael Dastugue, senior vice president and director of property development, told The Real Deal. [more]