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Bellingham's JCPenney at Bellis Fair mall was sold in a $947M deal covering 119 stores, including three in Washington, brokered by Onyx Partners Ltd.
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.
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.
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.
More than 100 JCPenney stores will soon have a new owner, including three locations in Connecticut.
Onyx Partners will pay $947 million for 119 JCPenney stores, including six in Florida. One is in Panama City Beach.
Onyx Partners will pay $947 million for 119 JCPenney stores, including three in New York.
Currently, all 119 JCPenney stores that are being sold remain open. JCPenney stated that the transaction would not affect any of its store operations.
One JCPenney store in Oregon is set to be sold as part of a nearly $1 billion deal with a Boston private equity firm.