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J.C. Penney Portfolio, Symbolizing Department Store Struggles, Down to a Dozen Outlets Left to Sell

Deals Are Pending for Another 18 Sites, Broker Newmark Says

One of the J.C. Penney retail portfolio properties that still needs a buyer is located at the Stoneridge Shopping Cener in Pleasanton, California. (CoStar)
One of the J.C. Penney retail portfolio properties that still needs a buyer is located at the Stoneridge Shopping Cener in Pleasanton, California. (CoStar)

A dozen J.C. Penney stores remain up for grabs, with deals pending or buyers lined up for another 18 brick-and-mortar locations, all marketed for sale after a retail bankruptcy process that's come to symbolize the struggle of some traditional American department stores.

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