Another change is coming to JCPenney stores around the U.S. and this time Florida could feel an impact.
A Boston private equity firm will pay $947 million for 119 JCPenney stores, including six in Florida.
The all-cash sale of 119 JCPenney properties to an affiliate of Onyx Partners, Ltd. was announced by Copper Property CTL Pass Through Trust July 25. The transaction is scheduled to close on or before Sept. 8.
In February, JCPenney announced eight locations would be closed this year, adding to the list of more than 200 closures planned. No Florida stores were on the list.
Here's what to know.
Why is JCPenney closing stores?
JCPenney filed for Chapter 11 bankruptcy protection in May 2020. At the time, the company said it would close more than 200 locations across the country.
The chain was later acquired by Simon Property Group and Brookfield Asset Management Inc. in December 2020. In January 2025, JCPenney said it had partnered with Forever 21 to create a new company called Catalyst Brands.
The department store chain, which currently has about 650 stores, was one of the largest retailers to file for Chapter 11 bankruptcy protection.
Will the 119 JCPenney stores sold remain open?
All 119 stores — including six in Florida — that were sold are currently open for business.
The buyer, Onyx Partners, did not respond to a request for comment from USA TODAY.
Which JCPenney stores in Florida, US are being sold?
Map shows JCPenney stores sold in Florida
Among the 119 stores sold were six in Florida, located in:
Brandon
Clearwater
Panama City Beach
Pembroke Pines
Plantation
Wellington
How many JCPenney stores are left in Florida?
According to JCPenney's website, there are 44 stores open in Florida in the following cities:
Altamonte Springs
Aventura
Boynton Beach
Brandon
Clearwater
Clermont
Coral Springs
Davenport
Daytona Beach
Fort Myers
Gainesville
Hialeah
Jacksonville
Jensen Beach
Kissimmee
Lake City
Lakeland
Melbourne
Merritt Island
Miami - 3
Naples
Ocala
Ocoee
Orange Park
Orlando
Panama City
Panama City Beach
Pembroke Pines
Pensacola
Plantation
Pompano Beach
Port Charlotte
St. Petersburg
Sanford
Sarasota
Spring Hill
Tallahassee
Tampa - 2
Vero Beach
Wellington
What is Copper Property CTL?
Copper Property CTL Pass Through Trust was established to acquire 160 retail properties and six warehouse distribution centers from JCPenney as part of its Chapter 11 plan of reorganization.
Contributing: Mike Snider, Sara Chernikoff, USA Today
This article originally appeared on Palm Beach Post: JCPenney sells 119 stores for $947 million. See Florida, US locations
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