JCPenney’s Massive Real Estate Comeback: 119 Stores Sold
JCPenney May Be Bouncing Back!
It’s been five long years for JCPenney, just like the blues song originally recorded by Eddie Boyd declared, even though I’m only familiar with the Buddy Guy and Eric Clapton version. But while the blues classic has the factory worker giving his paycheck to his girlfriend, only to be cast aside, for JCPenney, it’s a big pay day.
JCPenney Stores Sold
Almost five years after filing for Chapter 11 bankruptcy, JCPenney is selling 119 retail properties for $947 million in cash, according to multiple media outlets. This real estate deal stands out as one of the largest department store real estate transactions in recent U.S. history.
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The 119 locations are currently open and operational as JCPenney stores. It is spread out over 35 states and 16.05 million square feet. JCPenney will continue to be responsible for rent and operational expenses, so for now, that doesn’t mean these stores are closing. Any changes, I’ll update this post.
JCPenney’s History in Florida and Utopia
Before relocating to Duval County/Jacksonville, Florida, I was residing in Clay County. I noticed quickly there were a lot of references to JCPenney, so, with some digging, I found out he founded JCPenney in Duval County.
That’s when I realized I was living minutes away from Penney Farms. James Cash Penney wanted to develop a community, a haven for retired ministers, YMCA workers, and other service professionals, built on the principles of sustainable farming and the Golden Rule. So in 1922, Penney purchased 120,000 acres in what would become Penney Farms.
Because the Great Depression wiped out much of Penney’s fortune, Penney Farms became the Penney Retirement Community. While it’s not a tourist destination or an area worth visiting if you are in Jacksonville, I can say I used to love riding my motorcycle through the tree-lined streets.
Full List of the 119 JCPenney Stores Sold
The full list was obtained through USA Today via Copper Property CTL Pass Through Trust/Hilco Real Estate.
| Store Name | Address | City | State |
|---|---|---|---|
| The Mall at Turtle Creek | 3000 E Highland Dr Ste 516 | Jonesboro | AR |
| Shackleford Crossing | 2600 S Shackleford Rd | Little Rock | AR |
| Arrowhead Towne Center | 7750 W Arrowhead Towne Center | Glendale | AZ |
| Superstition Springs Mall | 6525 E Southern Ave | Mesa | AZ |
| Yuma Palms Regional Center | 1375 S Yuma Palms Pkwy | Yuma | AZ |
| Palm Valley Cornerstone | 13333 W Mcdowell Rd | Goodyear | AZ |
| Solano Town Center | 1330 Travis Blvd | Fairfield | CA |
| Westfield Plaza Bonita | 3040 Plaza Bonita Rd | National City | CA |
| Glendale Galleria | 1169 Glendale Galleria | Glendale | CA |
| Huntington Park CBD | 6420 S Pacific Blvd | Huntington Park | CA |
| Westfield Santa Anita | 400 S Baldwin Ave | Arcadia | CA |
| Plaza at West Covina | 1203 Plaza Dr | West Covina | CA |
| Galleria at Tyler | 3605 Galleria At Tyler | Riverside | CA |
| Westfield Palm Desert | 72900 Hwy 111 | Palm Desert | CA |
| Westfield North County | 290 E Via Rancho Pkwy | Escondido | CA |
| The Shops at Montebello | 1600 Town Center Dr | Montebello | CA |
| Valley Plaza | 2501 Ming Ave | Bakersfield | CA |
| Antelope Valley Mall | 1131 W Rancho Vista Blvd | Palmdale | CA |
| Arden Fair Mall | 1695 Arden Way | Sacramento | CA |
| Brea Mall | 400 Brea Mall | Brea | CA |
| Pacific View Mall | 377 S Mills Rd | Ventura | CA |
| Northridge Fashion Center | 9301 Tampa Ave | Northridge | CA |
| Imperial Valley Mall | 3351 S Dogwood | El Centro | CA |
| Victoria Gardens | 12399 S Mainstreet | Rancho Cucamonga | CA |
| The Orchard at Slatten Ranch | 4951 Slatten Ranch Rd | Antioch | CA |
| Store Name | Address | City | State |
|---|---|---|---|
| Town Center at Aurora | 14200 E Alameda Ave | Aurora | CO |
| First & Main Town Center | 3650 New Center Pt | Colorado Springs | CO |
| The Shoppes at Buckland Hills | 344 V Buckland Hls Dr Ste 7000 | Manchester | CT |
| Westfarms Mall | 300 Westfarms Mall | Farmington | CT |
| Danbury Fair | 7 Backus Ave | Danbury | CT |
| Westfield Brandon | 331 Brandon Town Center Mall | Brandon | FL |
| Westfield Countryside | 27001 US Hwy 19 N | Clearwater | FL |
| Westfield Broward | 8000 W Broward Blvd Ste 900 | Plantation | FL |
| Pembroke Lakes Mall | 11401 Pines Blvd | Pembroke Pines | FL |
| The Mall at Wellington Green | 10308 W Forest Hill Blvd | Wellington | FL |
| Pier Park | 206 Bluefish Dr | Panama City Beach | FL |
| South Point S/C | 1380 Hwy 20 W | Mcdonough | GA |
| Coral Ridge Mall | 1471 Coral Ridge Ave | Coralville | IA |
| Boise Towne Square | 300 N Milwaukee St | Boise | ID |
| Orland Square | 3 Orland Sq Dr | Orland Park | IL |
| North Riverside Park Mall | 7507 W Cermak Rd | North Riverside | IL |
| Hawthorn S/C | Rt 60 & Hwy 21 | Vernon Hills | IL |
| Oakridge Court | 800 S Randall Rd | Algonquin | IL |
| Mokena Marketplace | 11325 W Lincoln Hwy | Mokena | IL |
| Hamilton Town Center | 13900 Hoard Dr | Noblesville | IN |
| Store Name | Address | City | State |
|---|---|---|---|
| Oak Park Mall | 11801 W 95Th St | Overland Park | KS |
| Florence Mall | 6000 Florence Mall | Florence | KY |
| Ashland Town Center | 500 Winchester Ave | Ashland | KY |
| Mall of Louisiana | 6201 Bluebonnet Blvd | Baton Rouge | LA |
| Northshore Mall | Rt 114 & 128 | Peabody | MA |
| White Marsh Mall | 8200 Perry Hall Blvd | Baltimore | MD |
| St Charles Towne Center | 11130 Mall Cir | Waldorf | MD |
| Oakland Mall | 700 W 14 Mile Rd | Troy | MI |
| Lakeside Mall | 14300 Lakeside Cir | Sterling Hts | MI |
| Twelve Oaks Mall | 27150 Novi Rd | Novi | MI |
| Grand Traverse Mall | 3300 S Airport Rd W | Traverse City | MI |
| Rivertown Crossings | 3774 Rivertown Prkwy Sw | Grandville | MI |
| Waterside Marketplace | 50753 Waterside Dr | Chesterfield Townshp | MI |
| Rosedale S/C | 1700 W County Rd B-2 | Roseville | MN |
| Mid Rivers Mall | 4 Mid Rivers Mall | St Peters | MO |
| The Plaza at Shoal Creek | 8100 N Flintlock Rd | Kansas City | MO |
| Southaven Towne Center | 6620 Towne Center Loop Ste E | Southaven | MS |
| Store Name | Address | City | State |
|---|---|---|---|
| The Streets at Southpoint | 6910 Fayetteville Rd Ste 600 | Durham | NC |
| The Mall at Rockingham Park | 81 Rockingham Park Blvd | Salem | NH |
| Rockaway Townsquare | 305 Mount Hope Ave | Rockaway | NJ |
| Woodbridge Center | 428 Woodbridge Ctr Dr | Woodbridge | NJ |
| Newport Centre | 10 Mall Dr W | Jersey City | NJ |
| Freehold Raceway Mall | 3710 Hwy 9 | Freehold | NJ |
| Coronado Center | 6600 Menaul Blvd Ne Ste 600 | Albuquerque | NM |
| Cottonwood Mall | 10000 Coors Bypass Nw | Albuquerque | NM |
| Meadowood Mall | 5200 Meadowood Mall Cir | Reno | NV |
| Meadows Mall | 4400 Meadows Lane | Las Vegas | NV |
| Galleria at Sunset | 1312 W Sunset Rd | Henderson | NV |
| Gateway Shopping Center I & II | 360 Gateway Dr | Brooklyn | NY |
| Staten Island Mall | 140 Marsh Ave | Staten Island | NY |
| The Mall at Bay Plaza | 100 Baychester Ave | Bronx | NY |
| Store Name | Address | City | State |
|---|---|---|---|
| SouthPark Center | 17177 Royalton Rd | Strongsville | OH |
| The Mall at Tuttle Crossing | 5083 Tuttle Crossing Blvd | Dublin | OH |
| Polaris Fashion Place | 1450 Polaris Pkwy | Columbus | OH |
| The Shops at Fallen Timbers | 3100 Main St Ste 1000 | Maumee | OH |
| Stone Creek Towne Center | 3675 Stone Creek Blvd | Colerain Township | OH |
| Center at Owasso | 9056 N 121St East Ave | Owasso | OK |
| Penn Square Mall | 1901 NW Expwy Ste 1200 | Oklahoma City | OK |
| Shops at Moore | 2400 S Service Rd | Moore | OK |
| Clackamas Town Center | 12300 SE 82Nd Ave | Portland (Happy Valley) | OR |
| Westmoreland Mall | 5256 Route 30 | Greensburg | PA |
| The Mall at Robinson T/C | 2000 Robinson Town Ctr | Pittsburgh | PA |
| High Pointe Commons | 4680 High Pointe Blvd | Harrisburg | PA |
| Mayaguez Mall | 975 Av. Eugenio Maria De Hostos, Ste 320 | Mayaguez | PR |
| Plaza Centro | 200 Avenida Rafael Cordero, Ste 111 | Caguas | PR |
| Store Name | Address | City | State |
|---|---|---|---|
| Wolfchase Galleria | 2756 N Germantown Pkwy | Memphis | TN |
| Stones River Mall | 1720 Old Fort Pkwy | Murfreesboro | TN |
| Mall Del Norte | 5300 San Dario | Laredo | TX |
| Golden Triangle Mall | 2201 S Interstate 35 E Ste D | Denton | TX |
| Midland Park Mall | 4511 N Midkiff Rd | Midland | TX |
| Killeen Mall | 2100 S W S Young Dr Ste 2000 | Killeen | TX |
| Valle Vista Mall | 2006 S Expy 83 | Harlingen | TX |
| Post Oak Mall | 1500 Harvey Rd | College Station | TX |
| New Braunfels T/C at Creekside | 215 Creekside Way | New Braunfels | TX |
| The Parks at Arlington | 3851 S Cooper St | Arlington | TX |
| Lakeline Mall | 11200 Lakeline Mall Dr | Cedar Park | TX |
| First Colony Mall | 16529 Southwest Frwy | Sugarland | TX |
| Deerbrook Mall | 20131 Hwy 59N Ste 3000 | Humble | TX |
| Sunrise Mall | 2370 N Expwy Ste 2000 | Brownsville | TX |
| Baybrook Mall | 100 Baybrook Mall | Friendswood | TX |
| Fairmont Center | 5120 Fairmont Pkwy | Pasadena | TX |
| Southpark Meadows S/C | 9500 S Ih-35 Ste H | Austin | TX |
| Alliance Town Center | 3001 Texas Sage Trl | Fort Worth | TX |
| Waxahachie Towne Center Crossing | 1441 N Hwy 77 | Waxahachie | TX |
| El Mercado Plaza | 1950 Joe Battle Blvd | El Paso | TX |
| Sherman Town Center | 610 Graham Dr | Sherman | TX |
| Teas Crossing | 3165 Interstate 45 N | Conroe | TX |
| The Shops at Stone Park | 5858 E Sam Houston Pkwy N | Houston | TX |
| Store Name | Address | City | State |
|---|---|---|---|
| Southpark Mall | 6 Southpark Mall | Colonial Hts | VA |
| Peninsula Town Center | 2071 Coliseum Dr | Hampton | VA |
| Westfield Southcenter | 1249 Southcenter Mall | Tukwila | WA |
| Columbia Center | 1321 N Columbia Ctr Blvd # 100 | Kennewick | WA |
| Bellis Fair | 10 Bellis Fair Pkwy | Bellingham | WA |
| Fox River Mall | 4301 W Wisconsin Ave | Appleton | WI |
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