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Albuquerque’s JCPenney properties included in massive sale
Albuquerque’s two JCPenney stores are among 119 across the country being sold to a commercial real estate firm based in Massachusetts. An affiliate of Boston-based Onyx Partners Ltd. is set to purchase the JCPenney properties, according to a news release from Copper Property CTL Pass Through Trust last week.
Kennewick JCPenney store to be sold, operations to continue as usual
SEATTLE — JCPenney is selling its Kennewick store as part of a nationwide sell-off involving 119 stores. The retailer announced the $947 million transaction last week, stating that the Boston-based private equity firm, Onyx Partners, Ltd., will purchase the properties. The move comes five years after JCPenney filed for bankruptcy.
The deal also includes JCPenney locations in Bellingham, Southcenter near Seattle and Clackamas Town Center near Portland.
Taste of Country on MSN1d
119 JCPenney Locations Are Being Sold — What Does This Mean for the Historic Chain?JCPenney is selling 119 stores for $975 million, marking a new chapter for the 123-year-old retailer while it continues its recovery since declaring bankruptcy in 2020.
Three JCPenney stores in New York have been bought by a Boston private equity firm as part of an almost $1 billion deal.
Currently, all 119 JCPenney stores that are being sold remain open. It's unclear what was planned for those locations in the ...
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