Galleria 2425 Owner files bankruptcy with over $50 million in debt

By Sarah Lizee

Olympia, Wash., July 5 – Galleria 2425 Owner LLC filed Chapter 11 bankruptcy on Wednesday in the U.S. Bankruptcy Court for the Southern District of Texas.

In its petition, the company listed up to 49 creditors, $10 million to $50 million in assets and $50 million to $100 million in liabilities.

The company said that after any administrative expenses are paid, no funds will be available to unsecured creditors.

Hayward & Associates PLLC is representing the company.

The Houston-based single-asset real estate company filed Chapter 11 bankruptcy under case number 23-60036.

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