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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.
Currently, all 119 JCPenney stores that are being sold remain open. It's unclear what was planned for those locations in the ...
JCPenney is selling over 100 stores to a Boston-based private equity firm for $947 million, with two locations in Tennessee.
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