922 Rvd, LLC v. Bc International Group, Inc.

CourtNew Jersey Superior Court Appellate Division
DecidedJuly 17, 2024
DocketA-0152-22
StatusUnpublished

This text of 922 Rvd, LLC v. Bc International Group, Inc. (922 Rvd, LLC v. Bc International Group, Inc.) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
922 Rvd, LLC v. Bc International Group, Inc., (N.J. Ct. App. 2024).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited. R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-0152-22

922 RVD, LLC, INNOVATIVE COSMETIC CONCEPTS, LLC, and COLOR STREET, LLC,

Plaintiffs-Appellants,

v.

BC INTERNATIONAL GROUP, INC.,

Defendant-Respondent. __________________________

Argued January 23, 2024 – Decided July 17, 2024

Before Judges Natali and Puglisi.

On appeal from the Superior Court of New Jersey, Law Division, Passaic County, Docket No. L-3678-20.

Leonard E. Seaman argued the cause for appellants (The Law Offices of Richard Malagiere, attorneys; Richard Malagiere, of counsel; Leonard E. Seaman, on the briefs).

Scott R. Matthews argued the cause for respondent (Windels Marx Lane & Mittendorf, LLP, attorneys; Scott R. Matthews and Aryana P. Badery, on the brief). PER CURIAM

This appeal arises from a dispute between plaintiffs 922 RVD, LLC (922

RVD); Innovative Cosmetic Concepts, LLC (ICC); and Color Street, LLC

(Color Street), and defendant BC International Group, Inc. (BCI), regarding the

alleged breach of a lease of a commercial property in Totowa. When defendant

did not vacate the property at the termination of the lease, plaintiffs filed a four-

count complaint alleging breach of the lease (count one), breach of the implied

duty of good faith and fair dealing (count two), fraudulent misrepresentation

(count three), and tortious interference with prospective economic advantage

(count four). Defendant filed a counterclaim seeking the return of its security

deposit and attorneys' fees.

Plaintiffs appeal from a June 21, 2022 order granting defendant summary

judgment and dismissing their claims with prejudice, granting defendant's

counterclaim, and awarding defendant attorneys' fees. Plaintiffs also appeal

from the court's September 7, 2022 order denying their motion to alter or amend

the court's summary judgment order with respect to the award of attorneys' fees.

After considering all of plaintiffs' arguments against the record and as applied

to the applicable standards of review and relevant substantive legal principles,

we affirm the portion of the court's order granting defendant's application for

A-0152-22 2 summary judgment, reverse and vacate the portion of the court's order awarding

defendant attorneys' fees, and remand for the court to make further factual

findings and legal conclusions with the respect to the court's determination

defendant was entitled to attorneys' fees.

I.

We begin by reviewing the facts in the motion record, viewing them in a

light most favorable to plaintiff, the non-moving party. Brill v. Guardian Life

Ins. Co. of Am., 142 N.J. 520, 540 (1995). Plaintiffs ICC and Color Street are

affiliated companies in the business of manufacturing, distributing, and selling

adhesive nail polish strips, or "stick on nails," and defendant is in the luxury

outer garment business "specializing in fur apparel and fur services."

Prior to the COVID-19 pandemic, ICC and Color Street sought to expand

their business into Canada with a target expansion date of summer 2020. During

the pandemic, however, the companies experienced an increase in domestic sales

and could not support the volume of sales and a Canadian expansion with

existing infrastructure. As a result, plaintiff created 922 RVD, a single purpose

entity, and affiliate of ICC and Color Street. 922 RVD subsequently entered

into a purchase and sale agreement (PSA) with 922 Riverview Drive Associates,

A-0152-22 3 LLC, an affiliate of defendant, to acquire the property located at 922 Riverview

Drive in Totowa, with time being of the essence.

A. The PSA

922 RVD and 922 Riverview Drive Associates closed on the property on

July 27, 2020, with a purchase price of $15,250,000. The PSA provided 922

RVD's purchase included:

All improvements and fixtures located on the Land, including, without limitation: (i) all structures affixed to the Land; (ii) all apparatus, equipment, and appliances used in connection with the operation or occupancy of the Land; and (iii) all facilities used to provide any services to the Land and/or the structures affixed thereto . . . excluding those fixtures owned by the occupants of the Real Property or by vendors of the Improvements, if any.

[(Emphasis added).]

Further, 922 RVD agreed to purchase the property "in its existing

condition 'AS-IS, WHERE-IS, AND WITH ALL FAULTS' as of the Effective

Date of [the] agreement with respect to all facts, circumstances, conditions and

defects, and [defendant] has no obligation to determine or correct any such facts,

circumstances, conditions, or defects or to compensate [plaintiffs] for same."

The PSA acknowledged both parties were represented by counsel, entered

into the PSA with advice of counsel, and provided:

A-0152-22 4 If any action is brought by either Party against the other in connection with or arising out of this Agreement, or any of the documents and instruments delivered in connection herewith or in connection with the transactions contemplated hereby, the prevailing party shall be entitled to recover from the other party its reasonable out-of-pocket costs and expenses, including, without limitation, reasonable attorneys' fees, incurred in connection with the prosecution or defense of such action.

The PSA described a "Party" as "[s]eller, [p]urchaser, their respective

constituent entities and their respective successors, assigns, and legal

representatives," and stated, "[e]xcept as otherwise provided in this [a]greement,

no representations, warranties, covenants, or other obligations of [s]eller or

[p]urchaser set forth in this [a]greement shall survive the [c]losing hereunder

. . . and no action based thereon shall be commenced after the [c]losing."

(Emphasis added).

The PSA also included a "Leaseback" provision wherein "simultaneous

with the [c]losing," plaintiffs agreed to lease the property to defendant for three

months and acknowledged defendant would "continue to operate its business."

The parties attached the lease agreement to the PSA, and, as such, at the time of

closing, plaintiff 922 RVD became defendant's landlord.

A-0152-22 5 B. The Lease and Holdover

The parties agreed the identified lease term would be August 1, 2020 to

October 31, 2020, and could not be extended. The parties negotiated and agreed,

however, in the event of a holdover, defendant would pay $75,000 "for each

month Tenant occupie[d] the Leased Premises after termination of the Lease."

Defendant also paid a $56,000 security deposit, which 922 RVD agreed to return

within fourteen days of the termination of the lease, so long as defendant was

not in default.

The lease provided from September 1, 2020 through October 31, 2020, the

parties would co-occupy a portion of the warehouse on the premises.

Specifically, it stated:

Landlord shall retain possession of a portion of the warehouse of the Leased Premises and storage space for Landlord's Inventory and equipment which is approximately 53,241 square feet and constituting 43% of the premises . . .

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