A Walmart store in Baltimore, Maryland. Photo: Diego M. Radzinschi/ALM Judge Collectively Awards Walmart and Sam's Club $2M Following Breach of Rental Lease
Chief U.S. Magistrate Judge Timothy J. Sullivan granted Walmart Real Estate Business Trust and Sam's Club Real Estate Business Trust $1.3 million and $837,689, respectively, after the defendant, Quarterfield Partners, promised the companies an option to purchase their leased properties after 10 years, but failed to issue the notices or negotiate the sale of the properties as required under the lease.
April 11, 2024 at 12:02 PM
5 minute read
A federal judge in Maryland upheld a ruling in favor of Walmart and Sam's Club, collectively awarding the companies more than $2 million, after the court found the landlord breached the parties' lease agreement by failing to issue notices to purchase or negotiate the sale of the properties after 10 years of having leased the building.
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