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JCPenney building in Acadiana Mall sold

MGN Online
Posted at 6:51 PM, Jul 09, 2019
and last updated 2019-07-09 22:26:54-04

According to The Advocate, the JCPenney store in the Acadiana Mall has been sold but the company will remain a tenant in the building.

Company officials said that the retailer sold the building to Out of the Box Ventures, a subsidiary of a real estate company in Miami. The sale was reportedly for $705, 302.

The lease between the companies expires in 2024.

For The Advocate's story, click here.