JCPenney has sold 119 stores to an affiliate of Onyx Partners. It's unclear thus far what this will mean for those sites.

The stores are being sold for $947 million to a Boston-based private equity firm, nearly five years after the retailer filed for bankruptcy.

The JCPenney stores at the Mall at Robinson and at Westmoreland Mall are still open and operating. But the real estate for the two big stores at the local regional malls have a new owner as part of a