A JCPenney spokesperson confirmed that the store, located inside the Stoneridge Mall, will be closing toward the end of February 2026. (Photo by Chuck Deckert)
The JCPenney store at Stoneridge Shopping Center will be closing its doors in the new year due to the retailer’s inability to continue its lease, a spokesperson for the company confirmed Friday.
The store’s last day open at the mall is scheduled to be Feb. 22.
“Regretfully, we are unable to continue our current lease terms for this store location and have been unable to find another suitable location in the market,” a JCPenney spokesperson told the Weekly. “We are grateful to our dedicated associates and the loyal customers who have shopped at our Pleasanton, CA, location through the years.”
The JCPenney store has been one of the main anchor tenants at the mall ever since it first opened in the early 1980s. However, over the past decade, the company has faced several financial challenges, including having to file for Chapter 11 bankruptcy protection in May 2020.
Shortly after the bankruptcy filing, Simon Property Group — a real estate investment trust which owns the majority of Stoneridge Shopping Center — was part of a group that bought JCPenney in order to maintain the store’s presence at malls across the country.
A photo shows the inside of the store, which includes banners highlighting the deals that come with the closure. (Photo by Chuck Deckert)
The property itself where JCPenney sits on is owned by 300 Venture Group, a private real estate investment, development and advisory company based in Danville. The company acquired the land back in 2022, which is also when the company first formed.
A representative of 300 Venture Group told the Weekly on Saturday that leasing at the mall “remains strong” and teased a new big arrival coming soon – albeit unnamed.
“3VG is close to finalizing a lease with a promising new-to-market tenant, which would be a notable first for the property. While additional details aren’t available yet, demand for space across the center continues to be solid,” the property owner’s rep said.
Following the closure of the JCPenney store, the only other big-name retail store that will be left at the mall will be Macy’s — the Sears store closed in late 2018 and the Nordstrom store shuttered its doors in late 2020.
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