Salem’s JCPenney building sold, will be turned into smaller retail spaces
Nick Williams, commercial real estate adviser, stands in a back storeroom at the vacant JCPenney store in downtown Salem on Monday, Nov. 23. (Amanda Loman/Salem Reporter)
For the first time since the early 1900s, the JCPenney building in downtown Salem is changing hands.
Lindquist Development Company bought the building, which was on the market for $4.7 million but ultimately sold for $2.9 million.
Nick Williams, a commercial adviser with SVN Commercial Advisors LLCwhich represented…
