Piedmont Center Investments, a Raleigh company that owns seven shopping centers in central and eastern North Carolina, has filed for Chapter 11 bankruptcy.
The company reported assets of $27.2 million and liabilities of $15.5 million.
Piedmont's largest creditor is Capital Bank, which is owed $1.9 million. The company also owes property taxes to a number of towns and counties.
Piedmont's shopping centers are in Gibsonville, Graham, Murfreesboro, Nashville, Pittsboro, Roxboro and Mebane.
Reo Management Services, the company that manages Piedmont's properties, did not immediately return a call seeking comment this afternoon.
Business reporter David Bracken came to the N&O in 2004. He covers commercial and residential real estate. Contact David at 919-829-4548 or