The JCPenney property at Boise Towne Square has been sold. It won’t be something that shoppers will notice, for now.
In 2020, as part of a bankruptcy process, the department store chain sold 160 JCPenney store locations around the country to a trust set up to resell the locations.
Now, in a $947 million deal, that trust — Copper Property CTL Pass Through — will flip 119 of those stores to Onyx Partners Ltd, a private equity-backed commercial real estate holding firm…