(NEXSTAR) — More than 100 JCPenney stores will soon have a new owner.
Boston-based Onyx Partners, Ltd. has entered into a purchase and sale agreement with Copper Property CTL Pass Through Trust to buy 119 JCPenney properties, according to a press release. The $947 million all-cash deal is expected to close before September 8.
Somewhere between $928 million and $932 million will be distributed to JCPenney’s creditors, principal financial officer Larry Finger said this week, USA Today reported.
Onyx Partners, JCPenney, and Copper Property did not immediately respond to Nexstar’s request for additional information. However, in a statement to USA Today and other outlets, a spokesperson for JCPenney said all impacted stores will remain operational as the deal “represents a change in landlord.”
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Overall, 121 stores across 35 states were included in the portfolio, though some were previously sold to Simon Property Group and Brookfield Asset Management. Those stores are listed below:
Arkansas
- Little Rock: Shackleford Crossing – 2600 S Shackleford Road
- Jonesboro: The Mall at Turtle Creek – 3000 E Highland Drive Suite 516
Arizona
- Glendale: Arrowhead Towne Center – 7750 W Arrowhead Towne Center
- Goodyear: Palm Valley Cornerstone – 13333 W McDowell Road
- Mesa: Superstition Springs Mall – 6525 E Southern Avenue
- Yuma: Yuma Palms Regional Center – 1375 S Yuma Palms Parkway
California
- Arcadia: Westfield Santaanita – 400 S Baldwin Avenue
- Antioch: The Orchard at Slatten Ranch – 4951 Slatten Ranch Road
- Bakersfield: Valley Plaza – 2501 Ming Avenue
- Brea: Brea Mall – 400 Brea Mall
- El Centro: Imperial Valley Mall – 3351 S Dogwood
- Escondido: Westfield North County – 290 E Via Rancho Parkway
- Fairfield: Solano Town Center – 1330 Travis Boulevard
- Glendale: Glendale Galleria – 1169 Glendale Galleria
- Huntington Park: Huntington Park CBD – 6420 S Pacific Boulevard
- Montebello: The Shops at Montebello – 1600 Town Center Drive
- National City: Westfield Plaza Bonita – 3040 Plaza Bonita Road
- Northridge: Northridge Fashion Center – 9301 Tampa Avenue
- Palmdale: Antelope Valley Mall – 1131 W Rancho Vista Boulevard
- Palm Desert: Westfield Palm Desert – 72900 Highway 111
- Rancho Cucamonga: Victoria Gardens – 12399 S Mainstreet
- Riverside: Galleria at Tyler – 3605 Galleria At Tyler
- Sacramento: Arden Fair Mall – 1695 Arden Way
- Ventura: Pacific View Mall – 377 S Mills Road
- West Covina: Plaza at West Covina – 1203 Plaza Drive
Colorado
- Aurora: Town Center at Aurora – 14200 E Alameda Avenue
- Colorado Springs: First & Main Town Center – 3650 New Center Point
Connecticut
- Danbury: Danbury Fair – 7 Backus Avenue
- Farmington: Westfarms Mall – 300 Westfarms Mall
- Manchester: The Shoppes at Buckland Hills – 344 V Buckland Hills Drive Suite 7000
Florida
- Brandon: Westfield Brandon – 331 Brandon Town Center Mall
- Clearwater: Westfield Countryside – 27001 US Highway 19 N
- Panama City Beach: Pier Park – 206 Bluefish Drive
- Pembroke Pines: Pembroke Lakes Mall – 11401 Pines Boulevard
- Plantation: Westfield Broward – 8000 W Broward Blvd Suite 900
- Wellington: The Mall at Wellington Green – 10308 W Forest Hill Boulevard
Georgia
- McDonough: South Point S/C – 1380 Highway 20 W
Iowa
- Coralville: Coral Ridge Mall – 1471 Coral Ridge Avenue
Idaho
- Boise: Boise Towne Square – 300 N Milwaukee Street
Illinois
- Algonquin: Oakridge Court – 800 S Randall Road
- Mokena: Mokena Marketplace – 11325 W Lincoln Highway
- North Riverside: North Riverside Park Mall – 7507 W Cermak Road
- Orland Park: Orland Square – 3 Orland Square Drive
- Vernon Hills: Hawthorn S/C – Rt 60 & Highway 21
Indiana
- Noblesville: Hamilton Town Center – 13900 Hoard Drive
Kansas
- Overland Park: Oak Park Mall – 11801 W 95Th Street
Kentucky
- Ashland: Ashland Town Center – 500 Winchester Avenue
- Florence: Florence Mall – 6000 Florence Mall
Louisiana
- Baton Rouge: Mall of Louisiana – 6201 Bluebonnet Boulevard
Massachusetts
- Peabody: Northshore Mall – Route 114 & 128
Maryland
- Baltimore: White Marsh Mall – 8200 Perry Hall Boulevard
- Waldorf: St. Charles Towne Center – 11130 Mall Circle
Michigan
- Chesterfield Township: Waterside Marketplace – 50753 Waterside Drive
- Grandville: Rivertown Crossings – 3774 Rivertown Parkway SW
- Novi: Twelve Oaks Mall – 27150 Novi Road
- Suiterling Hts: Lakeside Mall – 14300 Lakeside Circle
- Traverse City: Grand Traverse Mall – 3300 S Airport Road W
- Troy: Oakland Mall – 700 W 14 Mile Road
Minnesota
- Roseville: Rosedale S/C – 1700 W County Road B-2
Missouri
- Kansas City: The Plaza at Shoal Creek – 8100 N Flintlock Road
- St. Peters: Mid Rivers Mall – 4 Mid Rivers Mall
Mississippi
- Southaven: Southaven Towne Center – 6620 Towne Center Loop Suite E
North Carolina
- Durham: The Streets at Southpoint – 6910 Fayetteville Road Suite 600
New Hampshire
- Salem: The Mall at Rockingham Park – 81 Rockingham Park Boulevard
New Jersey
- Freehold: Freehold Raceway Mall – 3710 Highway 9
- Jersey City: Newport Centre – 10 Mall Drive W
- Rockaway: Rockaway Townsquare – 305 Mount Hope Avenue
- Woodbridge: Woodbridge Center – 428 Woodbridge Center Drive
New Mexico
- Albuquerque: Coronado Center – 6600 Menaul Blvd NE Suite 600
- Albuquerque: Cottonwood Mall – 10000 Coors Bypass NW
Nevada
- Henderson: Galleria at Sunset – 1312 W Sunset Road
- Las Vegas: Meadows Mall – 4400 Meadows Lane
- Reno: Meadowood Mall – 5200 Meadowood Mall Circle
New York
- Bronx: The Mall at Bay Plaza – 100 Baychester Avenue
- Brooklyn: Gateway Shopping Center I & II – 360 Gateway Drive
- Staten Island: Staten Island Mall – 140 Marsh Avenue
Ohio
- Colerain Township: Stone Creek Towne Center – 3675 Stone Creek Boulevard
- Columbus: Polaris Fashion Place – 1450 Polaris Parkway
- Dublin: The Mall at Tuttle Crossing – 5083 Tuttle Crossing Boulevard
- Maumee: The Shops at Fallen Timbers – 3100 Main Street Suite 1000
- Strongsville: SouthPark Center – 17177 Royalton Road
Oklahoma
- Moore: Shops at Moore – 2400 S Service Road
- Oklahoma City: Penn Square Mall – 1901 NW Expressway Suite 1200
- Owasso: Center at Owasso – 9056 N 121st East Avenue
Oregon
- Portland (Happy Valley): Clackamas Town Center – 12300 SE 82nd Avenue
Pennsylvania
- Greensburg: Westmoreland Mall – 5256 Route 30
- Harrisburg: High Pointe Commons – 4680 High Pointe Boulevard
- Pittsburgh: The Mall at Robinson T/C – 2000 Robinson Town Center
Tennessee
- Memphis: Wolfchase Galleria – 2756 N Germantown Parkway
- Murfreesboro: Stones River Mall – 1720 Old Fort Parkway
Texas
- Arlington: The Parks at Arlington – 3851 S Cooper Street
- Austin: Southpark Meadows S/C – 9500 S Ih-35 Suite H
- Brownsville: Sunrise Mall – 2370 N Expressway Suite 2000
- Cedar Park: Lakeline Mall – 11200 Lakeline Mall Drive
- College Station: Post Oak Mall – 1500 Harvey Road
- Conroe: Teas Crossing – 3165 Interstate 45 N
- Denton: Golden Triangle Mall – 2201 S Interstate 35 E Suite D
- El Paso: El Mercado Plaza – 1950 Joe Battle Boulevard
- Fort Worth: Alliance Town Center – 3001 Texas Sage Trail
- Friendswood: Baybrook Mall – 100 Baybrook Mall
- Harlingen: Valle Vista Mall – 2006 S Expressway 83
- Houston: The Shops at Stone Park – 5858 E Sam Houston Parkway N
- Humble: Deerbrook Mall – 20131 Highway 59N Suite 3000
- Killeen: Killeen Mall – 2100 S W S Young Drive Suite 2000
- Laredo: Mall Del Norte – 5300 San Dario
- Midland: Midland Park Mall – 4511 N Midkiff Road
- New Braunfels: New Braunfels T/C at Creekside – 215 Creekside Way
- Pasadena: Fairmont Center – 5120 Fairmont Parkway
- Sherman: Sherman Town Center – 610 Graham Drive
- Sugarland: First Colony Mall – 16529 Southwest Freeway
- Waxahachie: Waxahachie Towne Center Crossing – 1441 N Highway 77
Virginia
- Colonial Heights: Southpark Mall – 6 Southpark Mall
- Hampton: Peninsula Town Center – 2071 Coliseum Drive
Washington
- Bellingham: Bellis Fair – 10 Bellis Fair Parkway
- Kennewick: Columbia Center – 1321 N Columbia Center Blvd #100
- Tukwila: Westfield Southcenter – 1249 Southcenter Mall
Wisconsin
- Appleton: Fox River Mall – 4301 W Wisconsin Ave
JCPenney closed about one-third of its stores in 2020 before being bought out of bankruptcy by mall owners Simon Property Group and Brookfield Asset Management in December of that year. The 123-year-old retailer previously trimmed its footprint with 138 closures in 2017, according to the Associated Press.
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The retailer did its best to bounce back, announcing in 2023 that it would spend more than $1 billion by the end of this year to revive stores, the Associated Press reported. Planned improvements included moving checkouts to a single area, brighter lighting, fresh paint in stores, and an upgraded online shopping experience.
Nonetheless, several JCPenney stores have closed since. That included more than half a dozen stores that shuttered before Memorial Day this year.
As of July 2025, JCPenney has more than 640 stores in the U.S. and Puerto Rico.
