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JCPenney Files Valley West Lawsuit

JCPenney filed a counter lawsuit against Valley West Mall developers. The retailer aims to protect its lease and block demolition plans for the site.

Valley West Mall Wednesday, May 25, 2022 in West Des Moines. U.S. Bank has filed a foreclosure without redemption, meaning the property will be sold after the court enters a judgment, unless its owner, Minneapolis-based Watson Centers, seeks a two-month delay.

JCPenney filed a counter-lawsuit in a United States court on November 3 to protect its Valley West Mall lease from developer demolition plans. The retail chain is challenging Project 1551's characterization of the store as an unreasonable obstacle to the redevelopment of the 856,000-square-foot property. The dispute centers on a 1974 lease that runs through March 31, 2032, and grants the retailer the right to block redevelopment that closes the shopping center or its parking lots.