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Iowa mall redevelopment faces hurdle from long-standing JCPenney lease

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Threshold Capital purchased the Valley West Mall in West Des Moines, Iowa for $11 million with plans for a mixed-use redevelopment. The project's progress is complicated by a 50-year-old lease held by anchor tenant JCPenney. City officials are considering up to $110 million in public funding to support the ambitious residential, retail, and entertainment complex. Construction is anticipated to begin after the city grants final approvals and site plans are completed.

Read the full story at Times of India

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Iowa mall redevelopment faces hurdle from long-standing JCPenney lease · ShortSingh