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MATTER OF HORSEHEADS COMMERCIAL DEV. PARTNERS v. HORSEHEADS INDUS. REALTY ASSOCS.

227 A.D.2d 764 (1996)

642 N.Y.S.2d 365

In the Matter of Horseheads Commercial Development Partners, Respondent, v. Horseheads Industrial Realty Associates et al., Appellants

Appellate Division of the Supreme Court of the State of New York, Third Department.

May 9, 1996

Spain, J.

Petitioner, a limited partnership, owns certain real property (hereinafter the property) in Chemung County which it purchased in 1988 from respondent Horseheads Industrial Realty Associates (hereinafter HIRA). The property is encumbered by various wrap mortgages* held by HIRA; petitioner and HIRA also executed a modification agreement dated April 18, 1991. HIRA purchased...

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