Login

Exclusive: Payless Sells its Longtime Headquarters in Sale-Leaseback Deal

The Transaction Includes a Six-Month Lease for the Discount Shoe Retailer
Payless occupies about 25 percent of the Topeka, Kansas property. Image credit: LoopNet.
Payless occupies about 25 percent of the Topeka, Kansas property. Image credit: LoopNet.
CoStar News
February 25, 2019 | 10:20 AM

Payless ShoeSource has sold its longtime Topeka, Kansas headquarters in a $2 million sale-leaseback deal, a money-pinching move that comes as it recently filed for Chapter 11 bankruptcy, its second such filing in the last year-and-a-half.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


News | Exclusive: Payless Sells its Longtime Headquarters in Sale-Leaseback Deal