24th Street Holdings LLC v. BP Products North America Incorporated, et al.

CourtDistrict Court, D. Arizona
DecidedJanuary 12, 2026
Docket2:25-cv-00157
StatusUnknown

This text of 24th Street Holdings LLC v. BP Products North America Incorporated, et al. (24th Street Holdings LLC v. BP Products North America Incorporated, et al.) is published on Counsel Stack Legal Research, covering District Court, D. Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
24th Street Holdings LLC v. BP Products North America Incorporated, et al., (D. Ariz. 2026).

Opinion

1 WO 2 3 4 5 6 IN THE UNITED STATES DISTRICT COURT 7 FOR THE DISTRICT OF ARIZONA

9 24th Street Holdings LLC, No. CV-25-00157-PHX-DWL

10 Plaintiff, ORDER

11 v.

12 BP Products North America Incorporated, et al., 13 Defendants. 14 15 BP Products North America, Inc. (“Defendant”) leased a parcel of real property 16 from 24th Street Holdings LLC (“Plaintiff”). Under the parties’ lease agreement, 17 Defendant was required to obtain and maintain insurance coverage, either through third- 18 party insurance providers or via self-insurance. 19 After a fire caused damage to a building on the leased property, Plaintiff submitted 20 a claim to Defendant and Defendant’s insurance carrier. Defendant initially responded by 21 stating that Defendant’s insurance carrier had received the claim but later informed 22 Plaintiff that it had exercised its right to self-insure and then rejected the claim. 23 In this action, Plaintiff asserts various contract and tort claims against Defendant. 24 (Doc. 23.) Now pending before the Court is Defendant’s motion to dismiss a portion of 25 those claims. (Doc. 27.) For the reasons that follow, the motion is granted. 26 BACKGROUND 27 I. Factual Allegations 28 The following facts, presumed true, are derived from the Second Amended 1 Complaint (“SAC”). (Doc. 23.) 2 A. The Parties And The Challenged Conduct 3 Plaintiff “was a limited liability company organized and existing under the laws of 4 the State of Texas and is duly authorized to do business in the State of Arizona.” (Id. ¶ 1.) 5 Defendant “is now, and at all times mentioned herein, was a corporation domiciled 6 in the state of Maryland, with its principal place of business located [in Maryland], doing 7 business in the State of Arizona.” (Id. ¶ 2.) 8 Plaintiff owns the real property located at 10 North 24th Street in Phoenix, Arizona 9 (“the Subject Property”). (Id. ¶ 8.) On or about December 22, 2022, Plaintiff and 10 Defendant entered into a written agreement (“the Lease Agreement”), “under the terms of 11 which the Subject Property was to be leased by Plaintiff to Defendant[].” (Id. ¶ 9.) 12 Before executing the Lease Agreement, “Plaintiff and Defendant[] entered into a 13 series of negotiations regarding the terms of the Lease Agreement.” (Id. ¶ 10.) During 14 these negotiations, “Plaintiff requested that certain terms and provisions be added to the 15 Lease Agreement requiring Defendant[] to obtain and maintain, at Defendant[’s] own cost 16 and expense, insurance coverage, including but not limited to Special Form Cause of Loss 17 Insurance, covering the building, improvements, structures and fixtures at the Subject 18 Property (the ‘Subject Insurance’) either through insurance providers or through self- 19 insurance by Defendant[] throughout the term of the Lease Agreement.” (Id.) 20 “Defendant[] accepted this request,” and the Lease Agreement contains “terms requiring 21 Defendant[] to obtain and maintain, at Defendant[’s] own cost and expense, the Subject 22 Insurance throughout the term of the Lease Agreement, either through insurance providers 23 or through self-insurance by Defendant[].” (Id. ¶ 11.) 24 “Pursuant to Paragraph 11(d) of the Lease Agreement, Defendant[] had the express 25 right to self-insure,” but Plaintiff alleges this provision “did not relieve Defendant[] of [its] 26 obligation to provide coverage equivalent in scope and protection to the specified Special 27 Form Cause of Loss insurance.” (Id. ¶ 12.) Plaintiff further alleges that it “relied on this 28 provision in executing the Lease Agreement, reasonably expecting such coverage would 1 be enforceable and effective.” (Id.) 2 On or about January 20, 2023, a fire caused damage to the Subject Property. (Id. 3 ¶ 13.) “Plaintiff suffered substantial losses as a result of the” fire, which are “the nature 4 and type of losses to be covered by the Subject Insurance.” (Id. ¶¶ 15-16.) 5 After the fire, “Plaintiff submitted its claim to Defendant[] and Defendant[’s] 6 insurance carrier” and “requested copies of any applicable policies of insurance which 7 provided the Subject Insurance described in the Lease Agreement.” (Id. ¶ 17.) “In 8 response, [Defendant] produced a Memorandum of Insurance naming Marsh USA LLC, 9 as the ‘Producer’ and Companies Affording Coverage as ‘Old Republic Insurance 10 Company’ and AGCS Marine Insurance Company . . . .” (Id.) “Subsequently, Allianz 11 Global was appointed as insurance adjuster on behalf of [Defendant] to investigate,” and 12 “Defendant[], through [its] conduct and through the conduct of [its] insurer, acknowledged 13 receipt of the claim, and indicated the claim was being investigated.” (Id.) 14 On or about April 7, 2023, “Defendant[] sent a letter to Plaintiff acknowledging that 15 Defendant[’s] insurance carrier had received a claim” and “did not claim, exercise, or even 16 reference any alleged right by Defendant[] to self-insure.” (Id. ¶ 19.) “Defendant[’s] 17 conduct at this time was consistent with Defendant[’s] representation that a policy was in 18 place to provide the Subject Insurance.” (Id.) 19 On or about May 3, 2023, “Defendant[] sent another letter to Plaintiff, which 20 reiterated the positions taken in the April 7, 2023 letter” and again “did not claim, exercise, 21 or even reference any alleged right by Defendant[] to self-insure.” (Id. ¶ 21.) Plaintiff 22 continued “to pursue the open claim with Defendant[’s] insurance provider.” (Id. ¶ 22.) 23 On or about May 18, 2023, “Defendant[] sent another letter to Plaintiff, in which 24 Defendant[] for the first time changed [its] position, and began claiming that Defendant[] 25 had allegedly exercised [its] right to self-insure under the Lease Agreement.” (Id. ¶ 23.) 26 “By taking this position, Defendant[] began claiming [it] chose to self-insure the insurance 27 obligations under the Lease Agreement and, therefore, act as the insurer to Plaintiff for” 28 the fire. (Id.) Plaintiff alleges that “[t]his was contrary to all representations and 1 communications that Defendant[] and Defendant[’s] insurer had previously had with 2 Plaintiff.” (Id.) “At no time prior to May 18, 2023, did Defendant[] assert or disclose to 3 Plaintiff that [it was] electing to self-insure.” (Id. ¶ 18.) 4 Plaintiff further alleges that “Defendant[] wrongfully took the position that 5 Defendant[] had no insurance obligations in connection with” the fire “and, as a result, 6 wrongfully demanded Allianz Global LLC to cease its investigation and denied Plaintiff’s 7 claim.” (Id. ¶ 24.) 8 B. The Lease Agreement1 9 The relevant provisions of the Lease Agreement (id. at 34-89) are as follows. The 10 first paragraph provides the lease is “by and between 24TH STREET HOLDINGS, LLC” 11 and “BP PRODUCTS NORTH AMERICA INC.” (Id. at 34.) The property that is the 12 subject of the Lease Agreement is located at “10 North 24th Street, Phoenix, Arizona 13 85034.” (Id.) Later, the Lease Agreement states that “[Plaintiff] hereby demises and leases 14 the Premises to [Defendant], and [Defendant] hereby leases and takes the Premises from 15 [Plaintiff].” (Id. at 35.) 16 Section 11 of the Lease Agreement is titled “Indemnification; Insurance.” (Id. at 17 49.) Section 11(b), titled “[Defendant]’s Insurance,” provides that “[Defendant], at 18 [Defendant]’s expense, shall obtain and maintain in full force and effect through the Term 19 of this Lease . . . Special Form Cause of Loss insurance, on a replacement cost valuation 20 basis, agreed amount/no coinsurance, covering the building, improvements, structures and 21 fixtures at the Premises.” (Id.) 22 Section 11(c), titled “[Plaintiff] as Additional Insured,” provides that “[t]o the extent 23 permitted by law and to the extent of [Defendant]’s express obligations contained in this 24 Lease, [Plaintiff] and [Plaintiff]’s mortgagee (provided that [Defendant] has received an 25 SNDA as specified in Paragraph 10 above from such mortgagee) shall be named as

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24th Street Holdings LLC v. BP Products North America Incorporated, et al., Counsel Stack Legal Research, https://law.counselstack.com/opinion/24th-street-holdings-llc-v-bp-products-north-america-incorporated-et-al-azd-2026.