Two J.C. Penney anchor stores, one in New Jersey and one in Washington, sold for a combined $17.7 million amid the retailer’s bankruptcy proceedings. The Cherry Hill Mall location in Cherry Hill, NJ, spanning 181,337 square feet, sold for $4.8 million, per a securities filing by Copper Property CTL Pass Through Trust, based in Jersey City. The buyer was not disclosed. Meanwhile, a 160,123-square-foot store at Alderwood Mall in Lynnwood, WA, was sold to Transnational Investments of Houston for $12.9 million, according to CoStar data.
For more information about this Cherry Hill retail space or about any other commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate at 856-857-6300.
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