Archive · 31 Jul 2025
JCPenney Sells 119 Stores in Nearly $1 Billion Deal
JCPenney, the department store, is selling 119 of its store locations.
A company that manages their real estate assets announced the sale.
A company from Boston is buying the stores for almost a billion dollars.
The stores are in 35 different states.
When the sale is finalized, the money from the sale will go to people and businesses JCPenney owes money to.
All the stores that are being sold are still open and operating.
JCPenney is selling 119 store properties for $947 million.
The sale was announced on July 25 by Copper Property CTL Pass Through Trust.
Boston-based Onyx Partners Ltd. is the buyer of the properties.
The stores are located across 35 states and total over 16 million square feet.
The deal is expected to close on September 8 and proceeds will go to JCPenney's creditors.
- Who
- JCPenney is selling to Onyx Partners Ltd.
- What
- JCPenney is selling 119 store properties.
- When
- The sale was announced on July 25, and is expected to close on September 8.
- Where
- The stores are located across 35 states.
- Why
- Proceeds from the sale will go to JCPenney’s creditors.
- Sale Amount
- $947 million
- Seller
- Copper Property CTL Pass Through Trust
- Buyer
- Onyx Partners Ltd.
- Closing Date
- September 8
- Number of Stores
- 119
- States Involved
- 35