5 years after submitting for chapter, JCPenney is making one other main transfer. The retailer is promoting 119 shops throughout the nation, although no closures have been introduced.
The sale highlights the continuing challenges for conventional shops as malls lose foot site visitors and on-line procuring continues to dominate.
For buyers, the sale indicators one other step in JCPenney’s effort to navigate a shrinking retail panorama whereas holding its remaining places open — for now.
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What to learn about JCPenney’s 119‑retailer actual property sale
In an internet assertion, Copper Property CTL Move By means of Belief introduced the acquisition of 119 JCPenney shops in a $947 million deal.
“Copper Property CTL Move By means of Belief (the “Belief”) was established to accumulate 160 retail properties and 6 warehouse distribution facilities (the “Properties”) from J.C. Penney as a part of its Chapter 11 plan of reorganization,” the assertion reads.
“The Belief’s operations consist solely of proudly owning, leasing and promoting the Properties. The Belief’s goal is to promote the Properties to third-party purchasers as promptly as practicable.”
The sale of the shops from Onyx Companions, Ltd. To Copper Property CTL Move By means of Belief is scheduled to be accomplished on or earlier than September 8.
Whereas the assertion doesn’t element particular plans for the shops past promoting them to 3rd events, all the shops bought are presently open and there’s no point out of plans to instantly shut any places.
Why JCPenney is promoting shops
JCPenney filed chapter in 2020 after experiencing declining gross sales for years. Shortly after saying the chapter, JCPenney additionally introduced plans to shut about 29% of its 846 shops. These 242 places closed in an effort to stabilize the enterprise’ funds and keep away from having to liquidate the remaining shops.
JCPenney’s chapter and retailer closures are a part of the broader retail actual property challenges the trade faces. In 2025, Macy’s introduced the closure of 66 shops, and Kohl’s introduced it might shut 27 shops in March.
These retailers face growing challenges as on-line procuring beneficial properties recognition and retailers like Amazon turn out to be a threatening competitor. As malls lose traction and foot site visitors decreases, gross sales drop and retailers , and even the shops, themselves, are closing.
Capital One Purchasing Analysis statistics mission that as many as 87% of enormous procuring malls could shut over the approaching decade, and from 2017 to 2022, the variety of malls in existence declined by 16.7% per 12 months.
The total checklist of JCPenney places bought
The 119 JCPenney places bought span 35 states. Right here is the total checklist of shops bought.
- Arkansas
- Shackleford Crossing: 2600 S Shackleford Rd, Little Rock, AR
- The Mall at Turtle Creek: 3000 E Highland Dr Ste 516, Jonesboro, AR
- Arizona
- Arrowhead Towne Middle: 7750 W Arrowhead Towne Middle, Glendale, AZ
- Palm Valley Cornerstone: 13333 W McDowell Rd, Goodyear, AZ
- Superstition Springs Mall: 6525 E Southern Ave, Mesa, AZ
- Yuma Palms Regional Middle: 1375 S Yuma Palms Pkwy, Yuma, AZ
- California
- Plaza at West Covina: 1203 Plaza Dr, West Covina, CA
- Valley Plaza: 2501 Ming Ave, Bakersfield, CA
- Brea Mall: 400 Brea Mall, Brea, CA
- Westfield Santa Anita: 400 S Baldwin Ave, Arcadia, CA
- The Orchard at Slatten Ranch: 4951 Slatten Ranch Rd, Antioch, CA
- Antelope Valley Mall: 1131 W Rancho Vista Blvd, Palmdale, CA
- Glendale Galleria – 1169 Glendale Galleria – Glendale, CA
- Huntington Park CBD: 6420 S Pacific Blvd, Huntington Park, CA
- The Outlets at Montebello: 1600 City Middle Dr, Montebello, CA
- Westfield Plaza Bonita: 3040 Plaza Bonita Rd, Nationwide Metropolis, CA
- Northridge Style Middle: 9301 Tampa Ave, Northridge, CA
- Westfield Palm Desert: 72900 Hwy 111, Palm Desert, CA
- Victoria Gardens: 12399 S Mainstreet, Rancho Cucamonga, CA
- Galleria at Tyler: 3605 Galleria At Tyler, Riverside, CA
- Arden Honest Mall: 1695 Arden Method, Sacramento, CA
- Westfield North County: 290 E By way of Rancho Pkwy, Escondido, CA
- Imperial Valley Mall: 3351 S Dogwood, El Centro, CA
- Solano City Middle: 1330 Travis Blvd, Fairfield, CA
- Pacific View Mall: 377 S Mills Rd, Ventura, CA
- Colorado
- City Middle at Aurora: 14200 E Alameda Ave, Aurora, CO
- First & Predominant City Middle: 3650 New Middle Pt, Colorado Springs, CO
- Connecticut
- Danbury Honest: 7 Backus Ave, Danbury, CT
- Westfarms Mall: 300 Westfarms Mall, Farmington, CT
- The Shoppes at Buckland Hills: 344 V Buckland Hls Dr Ste 7000, Manchester, CT
- Florida
- Westfield Brandon: 331 Brandon City Middle Mall, Brandon, FL
- Westfield Countryside: 27001 US Hwy 19 N, Clearwater, FL
- Pier Park: 206 Bluefish Dr, Panama Metropolis Seashore, FL
- Pembroke Lakes Mall: 11401 Pines Blvd, Pembroke Pines, FL
- Westfield Broward: 8000 W Broward Blvd Ste 900, Plantation, FL
- The Mall at Wellington Inexperienced: 10308 W Forest Hill Blvd, Wellington, FL
- Georgia
- South Level: 1380 Hwy 20 W, McDonough, GA
- Iowa
- Coral Ridge Mall: 1471 Coral Ridge Ave, Coralville, IA
- Idaho
- Boise Towne Sq.: 300 N Milwaukee St, Boise, ID
- Illinois
- Oakridge Courtroom: 800 S Randall Rd, Algonquin, IL
- Mokena Market: 11325 W Lincoln Hwy, Mokena, IL
- North Riverside Park Mall: 7507 W Cermak Rd, North Riverside, IL
- Orland Sq.: 3 Orland Sq Dr, Orland Park, IL
- Hawthorn S/C: Rt 60 & Hwy 21, Vernon Hills, IL
- Indiana
- Hamilton City Middle: 13900 Hoard Dr, Noblesville, IN
- Kansas
- Oak Park Mall: 11801 W 95Th St, Overland Park, KS
- Kentucky
- Ashland City Middle: 500 Winchester Ave, Ashland, KY
- Florence Mall: 6000 Florence Mall, Florence, KY
- Louisiana
- Mall of Louisiana: 6201 Bluebonnet Blvd, Baton Rouge, LA
- Massachusetts
- Northshore Mall: Rt 114 & 128, Peabody, MA
- Maryland
- White Marsh Mall: 8200 Perry Corridor Blvd, Baltimore, MD
- St Charles Towne Middle: 11130 Mall Cir, Waldorf, MD
- Michigan
- Waterside Market: 50753 Waterside Dr, Chesterfield Township, MI
- Rivertown Crossings: 3774 Rivertown Prkwy Sw, Grandville, MI
- Twelve Oaks Mall: 27150 Novi Rd, Novi, MI
- Lakeside Mall: 14300 Lakeside Cir, Sterling Heights, MI
- Grand Traverse Mall: 3300 S Airport Rd W, Traverse Metropolis, MI
- Oakland Mall: 700 W 14 Mile Rd, Troy, MI
- Minnesota
- Rosedale S/C: 1700 W County Rd B-2, Roseville, MN
- Missouri
- The Plaza at Shoal Creek: 8100 N Flintlock Rd, Kansas Metropolis, MO
- Mid Rivers Mall: 4 Mid Rivers Mall, St Peters, MO
- Mississippi
- Southaven Towne Middle: 6620 Towne Middle Loop Ste E, Southaven, MS
- North Carolina
- The Streets at Southpoint: 6910 Fayetteville Rd Ste 600, Durham, NC
- New Hampshire
- The Mall at Rockingham Park: 81 Rockingham Park Blvd, Salem, NH
- New Jersey
- Freehold Raceway Mall: 3710 Hwy 9, Freehold, NJ
- Newport Centre: 10 Mall Dr W, Jersey Metropolis, NJ
- Rockaway Townsquare: 305 Mount Hope Ave, Rockaway, NJ
- Woodbridge Middle: 428 Woodbridge Ctr Dr, Woodbridge, NJ
- New Mexico
- Coronado Middle: 6600 Menaul Blvd Ne Ste 600, Albuquerque, NM
- Cottonwood Mall: 10000 Coors Bypass Nw, Albuquerque, NM
- Nevada
- Galleria at Sundown: 1312 W Sundown Rd, Henderson, NV
- Meadows Mall: 4400 Meadows Lane, Las Vegas, NV
- Meadowood Mall: 5200 Meadowood Mall Cir, Reno, NV
- New York
- The Mall at Bay Plaza: 100 Baychester Ave, Bronx, NY
- Gateway Purchasing Middle I & II: 360 Gateway Dr, Brooklyn, NY
- Staten Island Mall: 140 Marsh Ave, Staten Island, NY
- Ohio
- Stone Creek Towne Middle: 3675 Stone Creek Blvd, Colerain Township, OH
- Polaris Style Place: 1450 Polaris Pkwy, Columbus, OH
- The Mall at Tuttle Crossing: 5083 Tuttle Crossing Blvd, Dublin, OH
- The Outlets at Fallen Timbers: 3100 Predominant St Ste 1000, Maumee, OH
- SouthPark Middle: 17177 Royalton Rd, Strongsville, OH
- Oklahoma
- Outlets at Moore: 2400 S Service Rd, Moore, OK
- Penn Sq. Mall: 1901 NW Expwy Ste 1200, Oklahoma Metropolis, OK
- Middle at Owasso: 9056 N 121St East Ave, Owasso, OK
- Oregon
- Clackamas City Middle: 12300 SE 82nd Ave, Portland (Joyful Valley), OR
- Pennsylvania
- Westmoreland Mall: 5256 Route 30, Greensburg, PA
- Excessive Pointe Commons: 4680 Excessive Pointe Blvd, Harrisburg, PA
- The Mall at Robinson T/C: 2000 Robinson City Ctr, Pittsburgh, PA
- Puerto Rico
- Plaza Centro: 200 Avenida Rafael Cordero, Ste 111, Caguas, PR
- Mayaguez Mall: 975 Av. Eugenio Maria De Hostos, Ste 320, Mayaguez, PR
- Tennessee
- Wolfchase Galleria: 2756 N Germantown Pkwy, Memphis, TN
- Stones River Mall: 1720 Previous Fort Pkwy, Murfreesboro, TN
- Texas
- The Parks at Arlington: 3851 S Cooper St, Arlington, TX
- Southpark Meadows S/C: 9500 S Ih-35 Ste H, Austin, TX
- Dawn Mall: 2370 N Expwy Ste 2000, Brownsville, TX
- Lakeline Mall: 11200 Lakeline Mall Dr, Cedar Park, TX
- Publish Oak Mall: 1500 Harvey Rd, Faculty Station, TX
- Teas Crossing: 3165 Interstate 45 N, Conroe, TX
- Golden Triangle Mall: 2201 S Interstate 35 E Ste D, Denton, TX
- El Mercado Plaza: 1950 Joe Battle Blvd, El Paso, TX
- Alliance City Middle: 3001 Texas Sage Trl, Fort Price, TX
- Baybrook Mall: 100 Baybrook Mall, Friendswood, TX
- Valle Vista Mall: 2006 S Expy 83, Harlingen, TX
- The Outlets at Stone Park: 5858 E Sam Houston Pkwy N, Houston, TX
- Deerbrook Mall: 20131 Hwy 59N Ste 3000, Humble, TX
- Killeen Mall: 2100 S W S Younger Dr Ste 2000, Killeen, TX
- Mall Del Norte: 5300 San Dario, Laredo, TX
- Midland Park Mall: 4511 N Midkiff Rd, Midland, TX
- New Braunfels T/C at Creekside: 215 Creekside Method, New Braunfels, TX
- Fairmont Middle: 5120 Fairmont Pkwy, Pasadena, TX
- Sherman City Middle: 610 Graham Dr, Sherman, TX
- First Colony Mall: 16529 Southwest Frwy, Sugarland, TX
- Waxahachie Towne Middle Crossing: 1441 N Hwy 77, Waxahachie, TX
- Virginia
- Southpark Mall: 6 Southpark Mall, Colonial Heights, VA
- Peninsula City Middle: 2071 Coliseum Dr, Hampton, VA
- Washington
- Bellis Honest: 10 Bellis Honest Pkwy, Bellingham, WA
- Columbia Middle: 1321 N Columbia Ctr Blvd # 100, Kennewick, WA
- Westfield Southcenter: 1249 Southcenter Mall, Tukwila, WA
- Wisconsin
- Fox River Mall: 4301 W Wisconsin Ave, Appleton, WI
JCPenney shops stay open below new possession
Keep in mind that, at the least in the intervening time, all the JCPenney places bought stay open however are below new possession. Except for promoting the shops to non-public events, no plans for the shops have been specified. Whereas day-to-day procuring received’t change instantly, we’ll have to attend for extra updates to listen to how these retailer gross sales may have an effect on these places.
