A U.S. bankruptcy judge granted approval for the parent of Chuck E. Cheese and Peter Piper Pizza to not pay rent for the time being as the company negotiates with landlords in Chapter 11 bankruptcy, making it at least the third national retailer in recent months to forgo payments as landlords face reduced revenue in the pandemic.
Chuck E Cheese Owner Is Latest Major Retailer Allowed to Suspend Rent in Chapter 11
Negotiations Underway With More Than $20 Million Already Owed to Property Owners
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