Overview
- JCPenney confirmed the Pleasanton closure and cited lease terms and the lack of a viable alternate site in the market.
- The shutdown will leave six Bay Area stores in Hayward, Concord, Antioch, Fairfield, San Jose and Santa Rosa.
- Owner 300 Venture Group reported it is near a deal with a new-to-market tenant for the large anchor space.
- Pleasanton officials are working with Stoneridge property owners on potential housing and commercial redevelopment plans.
- The company did not specify the number of affected employees, and it now operates about 650 stores nationwide after its 2020 bankruptcy.