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J.C. Penney stores in New Jersey, Washington trade for $17.7 million

Sales are retailer’s latest stemming from Chapter 11 reorganization in 2020

J.C. Penney recently renewed its lease at the Alderwood mall in Washington. (CoStar)
J.C. Penney recently renewed its lease at the Alderwood mall in Washington. (CoStar)

Two more J.C. Penney anchor stores, one in New Jersey and one in Washington, were sold in separate transactions for a total of $17.7 million as part of the chain's ongoing bankruptcy process.

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