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119 JCPenney stores sold to Boston private equity firm. 3 Connecticut locations included
Three Connecticut locations will be included in the sale of 119 JCPenney stores to a Boston-based private equity firm later this summer. An affiliate of Onyx Partners, Ltd. will pay $947 million in cash for the stores, which are located across the country, the Copper Property CTL Pass Through Trust announced on July 25.
Here’s the full list of JCPenney stores sold in $947M deal: Will locations remain open?
The properties — the bulk of which are in Texas and California — are being sold to an affiliate of Onyx Partners for $947 million, with the deal expected to close by Sept. 8. According to property data published online, the JCPenney store in the Staten Island Mall in New Springville is part of the sale.
The Southern Maryland Chronicle on MSN13h
Waldorf JCPenney Faces Uncertain FutureThe JCPenney store at St. Charles Towne Center in Waldorf, Maryland, is one of 119 locations sold to an affiliate of ...
Currently, all 119 JCPenney stores that are being sold remain open. It's unclear what was planned for those locations in the ...
A Boston-based private equity firm has reached a deal to buy 119 JCPenney stores, including the Mall of Louisiana location, ...
JCPenney is selling over 100 stores to a Boston-based private equity firm for $947 million, with two locations in Tennessee.
Newsworthy Women on MSN3d
“Trump Is Giving These Companies a Greenlight to Bleed Businesses Dry”: Warren Sounds Alarm on Private EquitySenator Elizabeth Warren warns that private equity is behind the collapse of familiar businesses like JOANN Fabrics, Party City, and Red Lobster. She argues these firms profit by draining healthy ...
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