Pier 1 Imports, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on July 8, 2020. The debtor seeks the Court’s approval for the sale of its certain assets to Lonejack II LLC for a purchase price of $18.01 million in cash. The debtor’s assets include certain rights, titles and interest in and to that certain real property together with certain buildings, easements, hereditaments, fixtures, furniture, equipments located at 2200 Heritage Parkway, Mansfield, Texas 76063. The buyer would be entitled to a 2% break-up fee and expense reimbursement of $0.03 million in case of termination of the asset purchase agreement. The buyer is a good-faith purchaser.