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STRADER v. SUNSTATES CORP.

No. COA96-1407.

500 S.E.2d 752 (1998)

Jack STRADER, Plaintiff, v. SUNSTATES CORPORATION, a Corporation; Acton Corporation, a Corporation; Crossroad Development Company, a Corporation; Sunstates Development Company, a Corporation; Moratok Village Shopping Center, a Joint Venture; and Sunstates Properties, Inc., a Corporation, Defendants.

Court of Appeals of North Carolina.

June 2, 1998.

Attorney(s) appearing for the Case

Ward and Smith, P.A. by Ryal W. Tayloe, Greenville, for plaintiff-appellee.

Moore & Van Allen, P.L.L.C. by Denise Smith Cline, Raleigh, for defendants-appellants Acton Corporation, Sunstates Development Company, Moratok Village Shopping Center Venture, and Sunstates Properties, Inc.

LEWIS, Judge.

Plaintiff-lessor instituted this action seeking damages for the breach of a lease which resulted in the foreclosure of the lessor's property. The trial court awarded plaintiff damages including the present value of lost rent and of his reversionary interest. Defendants appeal. We affirm.

On 26 September 1996 plaintiff Jack Strader granted a commercial ground lease to defendant Crossroad Development Company ("Crossroad"), for a portion of undeveloped...

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