A deal to sell more than 100 JCPenney stores is likely not going forward.
A regulatory form filed on Monday, Dec. 22, from the trust that had been charged with selling the assets confirmed the development.
In the filing on Dec. 22, Copper Property CTL Pass Through Trust said its previously announced sale with Onyx Partners, Ltd. of Boston, Massachusetts, did not close. The trust issued a notice to the buyer confirming that if it does not close the transaction by Dec. 26, the agreement will terminate.
It is not known at this time what happened with the deal or whether the stores involved will close.
USA TODAY has reached out to JCPenney for more information.
