Please let us know if you have feedbackOnyx Partners, a private equity firm that last year attempted to acquire a portfolio of roughly 120 J.C. Penney stores spanning several states, is trying again. Executives from Copper Property CTL Pass Through Trust in July 2025 had faced a slew of questions from investors, including about the price and potential alternatives. The Copper Property trust and other representatives for the property didn’t respond to multiple requests from Retail Dive for comment. A spokesperson for Catalyst Brands, which operates J.C. Penney stores, said the 117 stores all have long-term leases, so a real estate deal wouldn’t impact their operations. J.C. Penney had a rough holiday quarter and didn’t enjoy the robust Q1 experienced by other retailers early this year.