119 JC Penney stores have been sold.
The Imperial Valley and Yuma stores are included in the sale. Onyx Partners, a Boston private equity firm, recently completed the nearly $1 billion purchase last week with a closing date scheduled for early September. Onyx Partners has not said if any of the 119 stores would close. JC Penney filed for bankruptcy five year ago. and Copper Property CTL Pass Through Trust took control of some 160 stores after the bankruptcy filing.The 119 stores just sold are part of that group. JC Penney still owns about 650 stores.