PORTLAND, Ore. – The owners of Melanie Square, a 7-acre commercial property that is home to Rite Aid, a bowling alley and other businesses, on Wednesday filed for bankruptcy protection in Portland to while it renegotiates with its main lender, Farmers Insurance Group FCU.
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Neal Jones of Arizona, who owns Melanie Square Limited Liability Co., said the company filed Chapter 11 to renegotiate repayment of a $4.1 million loan to the credit union.
It was the second Chapter 11 filing the company has made inside of three years.
