JCPenney sold 119 stores as part of $1 billion deal — see the full list of locations
What the sale of over 100 JCPenney stores means for the company
- An affiliate of Onyx Partners, a private equity firm, is set to acquire 119 JCPenney properties for $947 million.
- The transaction, announced by Copper Property CTL Pass Through Trust, is expected to close on or before September 8, 2025.
- Despite the sale, all 119 JCPenney stores involved will continue to operate as usual, with no impact on customer service.
- The sale comes five years after JCPenney filed for Chapter 11 bankruptcy during the Covid-19 pandemic.
- Earlier this year, JCPenney merged with SPARC Group to create Catalyst Brands, an organization of six major retailers.