200 Lafayette Street

As it continues a major corporate overhaul, JCPenney signed a lease for new Soho office space to help lure a more innovative workforce. The New York Post reported it inked a 15-year deal for 130,000 square feet at 200 Lafayette Street, on the corner of Broome Street, a building purchased earlier this year for $50 million by Jared Kushner and CIM Group. [more]

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]