Complex sentence: An older 60,000 square foot Filene's was relocated to modernized 160,000 square foot store to a newer wing of the mall in early 1997 and the old Filene's got demolished and rebuilt into a 2 level JC Penny in early 1998.
Split into simpler sentences: An older 60,000 square foot Filene's was relocated to a modernized 160,000 square foot store in a newer wing of the mall in early 1997. The old Filene's was demolished and rebuilt into a 2-level JCPenney in early 1998.