Nationwide retailer settles dispute with landlord over real estate taxes
Clients Nationwide retailer
Jones Day represented a nationwide retailer in a dispute with its landlord over the retailer's share of real estate taxes payable under the lease for an 80,000-square-foot store at a shopping center in Ohio. The lease anticipated that the retailer's store would become a separate tax parcel, and the method of calculating the retailer's share varied before and after creation of the separate tax parcel. Five years of past taxes were at stake, as well as the methodology to be used on a going-forward basis. Jones Day helped the retailer negotiate an amicable settlement that included a rebate.