In July, it was revealed that Onyx Partners, Ltd. intended to purchase 117 JCPenney properties for $947 million in an all-cash deal. The properties are owned by Copper Property CTL Pass Through Trust, which was established by JCPenney’s lenders after the company’s 2020 bankruptcy.

According to a regulatory filing on Monday, December 22, the trust disclosed that the transaction “did not close.” It also issued a termination notice to Onyx, indicating that the agreement will be nullified by Friday unless the firm completes the purchase.

Originally set to conclude in early September, the deal has encountered several delays. The proceeds from this transaction were intended to settle debts owed to JCPenney’s creditors.

The deal had initially been scheduled to close in early September but had been delayed on multiple occasions. Money from the transaction was supposed to go to JCPenney creditors. 

JCPenney, which has nearly 650 store locations across the country, emerged from a Chapter 11 bankruptcy in December 2020 with new owners. Earlier this year, it confirmed it was closing seven stores across the U.S.

When the deal was first announced, JCPenney stated that all of the stores being sold would remain open. It’s not yet known whether the failed deal will have any impact on the stores that were supposed to be sold. 

The JCPenney locations part of the sale cover 35 states and Puerto Rico with 19 of the locations in Texas and 19 in California. 

• Shackleford Crossing – 2600 S Shackleford Rd – Little Rock, AR
• The Mall at Turtle Creek – 3000 E Highland Dr Ste 516 – Jonesboro, AR

• Arrowhead Towne Center – 7750 W Arrowhead Towne Center – Glendale, AZ
• Palm Valley Cornerstone – 13333 W McDowell Rd – Goodyear, AZ
• Superstition Springs Mall – 6525 E Southern Ave – Mesa, AZ
• Yuma Palms Regional Center – 1375 S Yuma Palms Pkwy – Yuma, AZ

• Plaza at West Covina – 1203 Plaza Dr – West Covina, CA
• Valley Plaza – 2501 Ming Ave – Bakersfield, CA
• Brea Mall – 400 Brea Mall – Brea, CA
• Westfield Santaanita – 400 S Baldwin Ave – Arcadia, CA
• The Orchard at Slatten Ranch – 4951 Slatten Ranch Rd – Antioch, CA
• Antelope Valley Mall – 1131 W Rancho Vista Blvd – Palmdale, CA
• Glendale Galleria – 1169 Glendale Galleria – Glendale, CA
• Huntington Park CBD – 6420 S Pacific Blvd – Huntington Park, CA
• The Shops at Montebello – 1600 Town Center Dr – Montebello, CA
• Westfield Plaza Bonita – 3040 Plaza Bonita Rd – National City, CA
• Northridge Fashion Center – 9301 Tampa Ave – Northridge, CA
• Westfield Palm Desert – 72900 Hwy 111 – Palm Desert, CA
• Victoria Gardens – 12399 S Mainstreet – Rancho Cucamonga, CA
• Galleria at Tyler – 3605 Galleria At Tyler – Riverside, CA
• Arden Fair Mall – 1695 Arden Way – Sacramento, CA
• Westfield North County – 290 E Via Rancho Pkwy – Escondido, CA
• Imperial Valley Mall – 3351 S Dogwood – El Centro, CA
• Solano Town Center – 1330 Travis Blvd – Fairfield, CA
• Pacific View Mall – 377 S Mills Rd – Ventura, CA

• Town Center at Aurora – 14200 E Alameda Ave – Aurora, CO
• First & Main Town Center – 3650 New Center Pt – Colorado Springs, CO

• Danbury Fair – 7 Backus Ave – Danbury, CT
• Westfarms Mall – 300 Westfarms Mall – Farmington, CT
• The Shoppes at Buckland Hills – 344 V Buckland Hls Dr Ste 7000 – Manchester, CT

• Westfield Brandon – 331 Brandon Town Center Mall – Brandon, FL
• Westfield Countryside – 27001 US Hwy 19 N – Clearwater, FL
• Pier Park – 206 Bluefish Dr – Panama City Beach, FL
• Pembroke Lakes Mall – 11401 Pines Blvd – Pembroke Pines, FL
• Westfield Broward – 8000 W Broward Blvd Ste 900 – Plantation, FL
• The Mall at Wellington Green – 10308 W Forest Hill Blvd – Wellington, 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

• Oakridge Court – 800 S Randall Rd – Algonquin, IL
• Mokena Marketplace – 11325 W Lincoln Hwy – Mokena, IL
• North Riverside Park Mall – 7507 W Cermak Rd – North Riverside, IL
• Orland Square – 3 Orland Sq Dr – Orland Park, IL
• Hawthorn S/C – Rt 60 & Hwy 21 – Vernon Hills, IL

• Hamilton Town Center – 13900 Hoard Dr – Noblesville, IN

• Oak Park Mall – 11801 W 95Th St – Overland Park, KS

• Ashland Town Center – 500 Winchester Ave – Ashland, KY
• Florence Mall – 6000 Florence Mall – Florence, 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

• Waterside Marketplace – 50753 Waterside Dr – Chesterfield Townshp, MI
• Rivertown Crossings – 3774 Rivertown Prkwy Sw – Grandville, MI
• Twelve Oaks Mall – 27150 Novi Rd – Novi, MI
• Lakeside Mall – 14300 Lakeside Cir – Sterling Hts, MI
• Grand Traverse Mall – 3300 S Airport Rd W – Traverse City, MI
• Oakland Mall – 700 W 14 Mile Rd – Troy, MI

• Rosedale S/C – 1700 W County Rd B-2 – Roseville, MN

• The Plaza at Shoal Creek – 8100 N Flintlock Rd – Kansas City, MO
• Mid Rivers Mall – 4 Mid Rivers Mall – St Peters, MO

• Southaven Towne Center – 6620 Towne Center Loop Ste E – Southaven, MS

• The Streets at Southpoint – 6910 Fayetteville Rd Ste 600 – Durham, NC

• The Mall at Rockingham Park – 81 Rockingham Park Blvd – Salem, NH

• Freehold Raceway Mall – 3710 Hwy 9 – Freehold, NJ
• Newport Centre – 10 Mall Dr W – Jersey City, NJ
• Rockaway Townsquare – 305 Mount Hope Ave – Rockaway, NJ
• Woodbridge Center – 428 Woodbridge Ctr Dr – Woodbridge, NJ

• Coronado Center – 6600 Menaul Blvd Ne Ste 600 – Albuquerque, NM
• Cottonwood Mall – 10000 Coors Bypass Nw – Albuquerque, NM

• Galleria at Sunset – 1312 W Sunset Rd – Henderson, NV
• Meadows Mall – 4400 Meadows Lane – Las Vegas, NV
• Meadowood Mall – 5200 Meadowood Mall Cir – Reno, NV

• The Mall at Bay Plaza – 100 Baychester Ave – Bronx, NY
• Gateway Shopping Center I & II – 360 Gateway Dr – Brooklyn, NY
• Staten Island Mall – 140 Marsh Ave – Staten Island, NY

• Stone Creek Towne Center – 3675 Stone Creek Blvd – Colerain Township, OH
• Polaris Fashion Place – 1450 Polaris Pkwy – Columbus, OH
• The Mall at Tuttle Crossing – 5083 Tuttle Crossing Blvd – Dublin, OH
• The Shops at Fallen Timbers – 3100 Main St Ste 1000 – Maumee, OH
• SouthPark Center – 17177 Royalton Rd – Strongsville, OH

• Shops at Moore – 2400 S Service Rd – Moore, OK
• Penn Square Mall – 1901 NW Expwy Ste 1200 – Oklahoma City, OK
• Center at Owasso – 9056 N 121St East Ave – Owasso, OK

• Clackamas Town Center – 12300 SE 82nd Ave – Portland (Happy Valley), OR

• Westmoreland Mall – 5256 Route 30 – Greensburg, PA
• High Pointe Commons – 4680 High Pointe Blvd – Harrisburg, PA
• The Mall at Robinson T/C – 2000 Robinson Town Ctr – Pittsburgh, PA

• Plaza Centro – 200 Avenida Rafael Cordero, Ste 111 – Caguas, PR
• Mayaguez Mall – 975 Av. Eugenio Maria De Hostos, Ste 320 – Mayaguez, PR

• Wolfchase Galleria – 2756 N Germantown Pkwy – Memphis, TN
• Stones River Mall – 1720 Old Fort Pkwy – Murfreesboro, TN

• 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
• 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
• 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

• Southpark Mall – 6 Southpark Mall – Colonial Hts, VA
• Peninsula Town Center – 2071 Coliseum Dr – Hampton, VA

• Bellis Fair – 10 Bellis Fair Pkwy – Bellingham, WA
• Columbia Center – 1321 N Columbia Ctr Blvd # 100 – Kennewick, WA
• Westfield Southcenter – 1249 Southcenter Mall – Tukwila, WA

• Fox River Mall – 4301 W Wisconsin Ave – Appleton, WI