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Case Studies

Garden Ridge

Real Estate

Shopping in garden city idaho jpg


  • Worked for Real Estate Land­lord Com­mit­tee in Chap­ter 11 of Gar­den Ridge (the Com­pa­ny)
  • Retail­er went into Chap­ter 11 with premise of nego­ti­at­ing all leas­es to low­er rate, reject­ing some leas­es and chang­ing the mer­chan­dis­ing concept
  • Big Box Retail real estate land­lords formed com­mit­tee to nego­ti­ate with debtor
  • Many of retail stores were in own­er­ship by TIC Funds with lim­it­ed abil­i­ty to rene­go­ti­ate and requir­ing 100% of own­er­ship to accept new terms


  • Suc­ces­ful­ly nego­ti­at­ed with Debtor on var­i­ous lease rates for 35 indi­vid­ual stores
  • Worked with var­i­ous TIC Funds to answer ques­tions for dif­fer­ent Investors such that a restruc­tur­ing could prevail
  • Worked with Debtor to achieve suc­cess­ful plan of reorganization
Garden Ridge logo

The Challenge

Many of retail stores were in ownership by TIC Funds with limited ability to renegotiate and requiring 100% of ownership to accept new terms.

The Chiron Solution

Successfully negotiated with Debtor on various lease rates for 35 individual stores.

The Result

Worked with Debtor to achieve successful plan of reorganization.

Is your com­pa­ny per­form­ing like it should?