Pilgrim's Pride Files for Bankruptcy

According to the Chattanoogan.com, Pilgrim’s Pride Corporation, which has a plant in Chattanooga, voluntarily filed for relief under Chapter 11 of the U.S. Bankruptcy Code on Monday. Company officials said that does not mean that plants will close.

Opinion

No one wants the plant to close. The job loss would be too great. However, few would mind if the plant moved. It is at the southern edge of the central business district of Chattanooga in an area that has great potential, both in terms of residential and commercial development.

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For more information about commercial real estate in Chattanooga, contact Benjamin Pitts.