Jason Hirsch Of Onyx Partners Ltd Acquires Retail Portfolio From Copper Property CTL Pass Through Trust For $947M

The transaction involves a retail portfolio consisting of six JCPenney locations situated in the Houston area. The portfolio was sold for $947 million and includes properties located in Friendswood, Humble, Pasadena, Sugar Land, Conroe, and East Houston. These fully leased stores are under long-term triple-net leases with Penney Intermediate Holdings.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $947,000,000
• Buyer: Jason Hirsch - Onyx Partners Ltd
• Seller: Copper Property CTL Pass Through Trust
• Broker: Newmark

Jason Hirsch represents Onyx Partners Ltd in this acquisition, while Copper Property CTL Pass Through Trust is the entity divesting the properties. The deal encompasses a national portfolio of 119 properties, highlighting a substantial investment strategy from Onyx Partners Ltd, headquartered in Boston.