LATHAM LAND I, LLC v. TGI FRIDAY'S, INC.

513485.

96 A.D.3d 1327 (2012)

948 N.Y.S.2d 147

2012 NY Slip Op 5227

LATHAM LAND I, LLC, Appellant-Respondent, v. TGI FRIDAY'S, INC, Respondent-Appellant.

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

June 28, 2012.


Spain, J.

Plaintiff commenced this action alleging that defendant breached a May 24, 2007 contract whereby defendant, as lessee, agreed to, among other things, build and operate a restaurant on a portion of plaintiff's real property in the Town of Colonie, Albany County (hereinafter the contract). The contract contemplated an initial lease term of 10 years, with five-year renewal options and, at the end of the lease, that plaintiff would take ownership of the building...

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