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I'm glad you reached out to Community for support, nmstaggs.
I'd like to get this sorted out so you can rename location in QuickBooks Online (QBO).
Yes, there is definitely a way we can rename location for a group in QBO. I'd be delighted to walk you through the steps.
I've found a helpful article to know more about renaming a location in QuickBooks Online: Set up and use location tracking.
There you have it. I'll be around for any questions you may have when editing locations in QBO. Happy Thanksgiving day in advance.