Central Mall 2400 Richmond Rd 350,000 SF 80% Leased Retail Building Texarkana, TX 75503 $13,000,000 ($37.14/SF) 16% Cap Rate

JCPenney is an American department store chain founded in 1902 by James Cash Penney in Kemmerer, Wyoming. Over more than a century, the company expanded nationally and evolved from downtown dry-goods shops to mall-based department stores, offering apparel, home goods, jewelry, beauty, and in-store services such as salon, portraits, and optical. Following a 2020 restructuring, JCPenney operates as a privately held brand within a broader multi-banner retail portfolio. The corporate headquarters is in Plano, Texas, where the company originally moved in the early 1990s. In 2025, JCPenney became part of a new platform called Catalyst Brands, aligning with several heritage apparel labels under a shared operating umbrella. The Orlando unit at The Florida Mall functions as a full-line store and continues the company’s long practice of serving regional shopping destinations. Founded in 1902, JCPenney remains focused on family essentials delivered through a combination of stores and e-commerce, supported by private brands and national labels.