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Pioneer Square, You're Getting a Penney's

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The Kress Building was sold over the weekend to a New York investment company for $29m, and word is that they're planning to put a JC Penney in there. Trouble is, that kind of a shift means trading the neighborhood's only grocery store for more retail. Good news? Bad news? Or reasons to be more excited about the upcoming Super Target? [Seattlest]