Two of Fairfax County’s longstanding JCPenney stores recently changed hands, a move that could set the stage for their malls to transition to more mixed-use environments.
Announced in September, The Meridian Group — the Bethesda-based developer behind The Boro in Tysons — partnered with D.C. real estate firm Martin-Diamond Properties to acquire five JCPenneys, including the anchor stores at Fair Oaks Mall and Springfield Town Center.