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Home / Opinion Digests / Real Estate – Commercial Lease – Co-Tenant Requirement (access required)

Real Estate – Commercial Lease – Co-Tenant Requirement (access required)

Although a commercial lessor’s lease administrator initially agreed with tenant Cost Plus that a shopping center lease required a new tenant as a replacement for Linens N’ Things, an Alexandria U.S. District Court says the plain language of the lease requiring a large co-tenant is satisfied by a Sports Authority store, which was a co-tenant ...