Private equity firm purchasing JCPenney stores.

A Boston-based private equity firm is purchasing 119 JCPenney stores for nearly $1 billion, about five years after the retailer filed for bankruptcy. Onyx Partners, Ltd. will acquire the properties in a $947 million all-cash transaction from Copper Property CTL Pass Through Trust, a trust formed by the retailer’s lenders after its 2020 bankruptcy, according to a July 25 announcement.  One of the Ohio closures is in Maumee, The Fallen Timbers location is on the hit list.