(KNUE-FM) Life is changing all around us here in Texas, most of which has to do with new technology, although it can be almost sad when we hear about stores being closed or sold. Well, at least for now we don’t need to worry about stores being closed, although recently JCPenney did sell 119 of their stores to a Boston-based private equity firm.

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Deal Overview & Buyer Details

According to KVUE, The $947 million deal covers 119 JCPenney locations. This change is happening about five years after JCPenney filed for bankruptcy.

The group making the purchase is Onyx Partners, Ltd. The all-cash transaction will be $947 million and is scheduled to close on or before September 8, 2025.


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Stores Remain Operational: What It Means

The major retailer has approximately 650 stores nationwide, and the 119 stores that are involved in this transaction will remain open. This transaction is not expected to affect any store operations.

In total the stores sold will span across 35 states and Puerto Rico with 21 of the locations coming from right here in the Lone Star State.

Texas Presence in the Sale

While the sale of these stores is not expected to make an impact on operations, it’s still interesting to see which ones were involved in the deal.

Here is a look at the JCPenney locations that were recently part of the transaction.

The Parks at Arlington - 3851 S Cooper St - Arlington, TX

Southpark Meadows S/C - 9500 S Ih-35 Ste H - Austin, TX

Sunrise Mall - 2370 N Expwy Ste 2000 - Brownsville, TX

Lakeline Mall - 11200 Lakeline Mall Dr - Cedar Park, TX

Post Oak Mall - 1500 Harvey Rd - College 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 Town Center - 3001 Texas Sage Trl - Fort Worth, TX

Baybrook Mall - 100 Baybrook Mall - Friendswood, TX

Valle Vista Mall - 2006 S Expy 83 - Harlingen, TX

The Shops 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 Young 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 Way - New Braunfels, TX

Fairmont Center - 5120 Fairmont Pkwy - Pasadena, TX

Sherman Town Center - 610 Graham Dr - Sherman, TX

First Colony Mall - 16529 Southwest Frwy - Sugarland, TX

Waxahachie Towne Center Crossing - 1441 N Hwy 77 - Waxahachie, TX

Chains That Are Closing or Have Closed Locations in 2025

The list of chains that have closed locations or have plans to shutter stores later in 2025 continues to grow at a rapid pace.

Gallery Credit: Rob Carroll

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