Hilco Spends $16.5MM on JCPenney Ground Lease in Tukwila

By Catherine Sweeney In a $16,510,000 million ground lease agreement, Hilco Real Estate has acquired 92,524 square feet  of land beneath a JCPenney in Tukwila, Wash. The 255,534-square-foot department store is located at 1249 Southcenter Mall. An entity associated with GLAS Trust Company LLC,  an appointed trustee in connection with the court-approved sale of the […]