Major Retailer Sells Off Dozens Of Department Stores, Including 19 In CA

Nineteen California JCPenney stores are among 119 stores sold to a Boston private equity firm in a nearly $1 billion deal.

Onyx Partners paid $947 million in an all-cash transaction, according to Copper Property CTL Pass-Through Trust, which acquired 160 JCPenney Stores when the company declared bankruptcy in 2020. The deal is expected to close on or by Sept. 8.

"The Buyer has now completed its due diligence, and its deposit under the Agreement is non-refundable," Copper Property Trust said in a news release.

According to a list released by USA Today, the 19 California JCPenney Stores sold in the deal were located in the following places:

• Solando Town Center (Fairfield) — 1330 Travis Blvd.
• Westfield Plaza Bonita (National City) — 3040 Plaza Bonita Rd.
• Glendale Galleria (Glendale) — 1169 Glendale Galleria
• Huntington Park CBD (Huntington Park) — 6420 S. Pacific Blvd.
• Westfield Santa Anita (Arcadia) — 400 S. Baldwin Ave.
• Plaza at West Covina (West Covina) — 1203 Plaza Dr.
• Galleria at Tyler (Riverside) — 3605 Galleria at Tyler
• Westfield Palm Desert (Palm Desert) — 72900 Hwy 111
• Westfield North County (Escondido) — 2900 E. Via Rancho Pkwy.
• The Shops at Montebello (Montebello) — 1600 Town Center Dr.
• Valley Plaza (Bakersfield) — 2501 Ming Ave.
• Antelope Valley Mall (Palmdale) — 1131 W. Rancho Vista Blvd.
• Arden Fair Mall (Sacramento) — 1695 Arden Way
• Brea Mall (Brea) —400 Brea Mall
• Pacific View Mall (Ventura) — 377 S. Mills Rd.
• Northridge Fashion Center (Northridge) — 9301 Tampa Ave.
• Imperial Valley Mall (El Centro) — 3351 S. Dogwood
• Victoria Gardens (Rancho Cucamonga) — 12399 S. Mainstreet
• The Orchard at Slatten Ranch (Antioch) — 4951 Slatten Ranch Rd.

All affected stores are currently open; however, it remains unclear whether they will remain operational under new ownership. The department store also has locations in Carson, Torrance, Lakewood, Downey, Culver City, Whittier, Concord, Hayward, San Jose and Santa Ana.

Since its bankruptcy filing, the retailer has closed nearly 200 stores across the country, including seven in May.

At the time, a spokesperson for the company said, "We look forward to continuing to serve our customers at our nearly 650 store locations across the country and online at jcpenney.com."