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As Pier 1 Readies Itself for Sale, Lenders Prep for Default on Corporate Home

Prior to Coronavirus Pandemic, Pier 1 Expected to Gather Bids for Company By Monday
The 19-story, 409,477-square-foot office tower in downtown Fort Worth is nearly 60% leased to Pier 1 Imports, a retailer that recently filed for Chapter 11 bankruptcy protection. (CoStar)
The 19-story, 409,477-square-foot office tower in downtown Fort Worth is nearly 60% leased to Pier 1 Imports, a retailer that recently filed for Chapter 11 bankruptcy protection. (CoStar)
CoStar News
March 19, 2020 | 10:03 P.M.

Home goods retailer Pier 1 Imports, which put itself on the market after filing for Chapter 11 bankruptcy protection last month, was cited by a financial services firm as the reason behind the loan of the Texas-based retailer's corporate home being transferred to special servicing this month in preparation for imminent default.

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News | As Pier 1 Readies Itself for Sale, Lenders Prep for Default on Corporate Home