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Two More J.C. Penney Stores Sell for a Combined $46 Million

Sites in New York, Minnesota Trade Hands as Part of Chapter 11 Reorganization
The J.C. Penney store in Elmhurst in Queens, New York, sold for $40.5 million. (CoStar)
The J.C. Penney store in Elmhurst in Queens, New York, sold for $40.5 million. (CoStar)
CoStar News
January 10, 2022 | 8:21 P.M.

As last year ended, two more J.C. Penney stores were sold for $46.25 million as part of the continuing divestiture of select brick-and-mortar sites to pay back the retailer’s creditors, all part of the chain’s reorganization.

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