Ashland Global Holdings, Inc. v. SuperAsh Remainderman Ltd. Partnership

2026 Ohio 1057
CourtOhio Court of Appeals
DecidedMarch 26, 2026
Docket22AP-638
StatusPublished

This text of 2026 Ohio 1057 (Ashland Global Holdings, Inc. v. SuperAsh Remainderman Ltd. Partnership) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ashland Global Holdings, Inc. v. SuperAsh Remainderman Ltd. Partnership, 2026 Ohio 1057 (Ohio Ct. App. 2026).

Opinion

[Cite as Ashland Global Holdings, Inc. v. SuperAsh Remainderman Ltd. Partnership, 2026-Ohio-1057.]

IN THE COURT OF APPEALS OF OHIO

TENTH APPELLATE DISTRICT

Ashland Global Holdings, Inc., et al., :

Plaintiffs-Appellees, :

Speedway, LLC, : No. 22AP-638 Intervenor-Appellee, : (C.P.C. No. 22CV-2398)

v. : (REGULAR CALENDAR)

SuperAsh Remainderman : Limited Partnership, : Defendant-Appellant. :

D E C I S I O N

Rendered on March 26, 2026

On brief: Arnold & Clifford, LLP, James E. Arnold, Gerhardt A. Gosnell, II, and Michael L. Dillard, Jr., for appellees Ashland Global Holdings, Inc. and Ashland LLC. Argued: Michael L. Dillard, Jr.

On brief: Roetzel & Andress, LPA, Jeremy S. Young, and Stephen D. Jones, for appellee Speedway, LLC.

On brief: Collins Roche Utley & Garner LLC, and Richard M. Garner, for appellant. Argued: Richard M. Garner.

APPEAL from the Franklin County Court of Common Pleas ON REMAND from the Supreme Court of Ohio

DORRIAN, J. {¶ 1} The present matter is before this court on remand from the Supreme Court of Ohio’s decision in Ashland Global Holdings, Inc. v. SuperAsh Remainderman, Ltd. Partnership, 2025-Ohio-2835 (“Ashland II”), which reversed this court’s decision in No. 22AP-638 2

Ashland Global Holdings, Inc. v. SuperAsh Remainderman, Ltd. Partnership, 2023-Ohio- 3556 (10th Dist.) (“Ashland I”). After reviewing the record and the parties’ original and supplemental briefs, we reverse the judgment of the Franklin County Court of Common Pleas and remand the matter to that court for further proceedings. I. Facts and Procedural History {¶ 2} The factual background and procedural history of this case were adequately stated in both Ashland I and Ashland II. In our current discussion, we will address the facts and procedural history most relevant to the issue presently before us. {¶ 3} The dispute in the present case concerns 24 different properties located throughout 5 different states. Eight of the properties are in Ohio. Defendant-appellant, SuperAsh Remainderman Limited Partnership (“SuperAsh”), leased the properties to plaintiffs-appellees, Ashland Global Holdings, Inc. and Ashland, LLC (collectively, “Ashland”), pursuant to 24 separate leases. Ashland subleased the properties to intervenor- appellee, Speedway LLC (“Speedway”). Speedway operated retail fuel and convenience stores on the properties. {¶ 4} The leases between SuperAsh and Ashland commenced in 2010, and the initial term for each lease was five years. Following the expiration of the initial five-year term, the leases contained options to renew for an initial five-year term and two successive one-year terms. To exercise the renewal options, Ashland had to provide SuperAsh with written notice of its intent to renew on or before the date which was 120 days prior to the expiration of the leases. If the leases expired, the improvements on the properties would “automatically vest” in SuperAsh. (Compl., Ex. A, Ground Lease § 15.3.) {¶ 5} In 2015, Ashland successfully renewed the leases for the initial five-year renewal term. Although Ashland failed to timely submit the renewal notice for the first one- year renewal term beginning on January 1, 2021, SuperAsh accepted the late renewal notice without objection. The second one-year renewal term was for the year beginning on January 1, 2022 (the “2022 term”). To renew the leases for the 2022 term, Ashland had to submit a renewal notice to SuperAsh on or before September 3, 2021. On August 11, 2021, Ashland’s attorney sent a draft renewal notice to Ashland’s vice president and treasurer, William Whitaker, and instructed Whitaker to return a signed copy of the renewal notice to him. Whitaker followed the attorney’s instruction and returned a signed copy of the 2022 No. 22AP-638 3

renewal notice to the attorney on August 11, 2021. On August 12, 2021, Ashland’s attorney sent a copy of the signed renewal notice to Valvoline, a nonparty to the present suit, and informed Valvoline Ashland had sent the 2022 renewal notice to SuperAsh.1 However, Ashland had not sent the 2022 renewal notice to SuperAsh. On November 3, 2021, SuperAsh notified Ashland the leases would expire on December 31, 2021, because Ashland failed to exercise the renewal option for the 2022 term. {¶ 6} From December 2021 through March 2022, the parties executed a series of four tolling agreements to “preserve the status quo” under the leases while the parties attempted to negotiate new lease agreements. (Tr. Vol. I at 57; Joint Ex. 12 “First Tolling Agreement”; Joint Ex. 13 “Second Tolling Agreement”; Joint Ex. 15 “Third Tolling Agreement”; and Joint Ex. 16 “Fourth Tolling Agreement.”) Pursuant to the tolling agreements, Ashland paid SuperAsh $250,000 per month in rent for January, February, March, and April 2022, as well as a tolling fee of 8 percent of each month’s rent. Although the fourth tolling agreement obligated Ashland to pay SuperAsh “$250,000 in rent for April,” the agreement also “terminate[d] on April 15, 2022.”2 (Fourth Tolling Agreement at ¶ 3, 4.) The fourth tolling agreement expired on April 15, 2022, without successful negotiation of new leases. {¶ 7} On April 12, 2022, Ashland filed a complaint asserting claims for declaratory relief and specific performance of the leases. Ashland asked the trial court to declare that it had effectively exercised the option to renew the leases for the 2022 term. SuperAsh filed a counterclaim asserting claims for forcible entry and detainer (“FE&D”), breach of the leases, and declaratory relief. The trial court allowed Speedway to intervene in the action and participate as a plaintiff; Speedway sought the same declaratory judgment as Ashland.

1 In 2017, Ashland executed a “side-letter agreement” with Valvoline that conveyed the rights and obligations

associated with the leases at issue in the present case to Valvoline. (Tr. Vol. I at 41.) Ashland and Valvoline disputed the extent of the conveyance, including a dispute regarding which party was responsible for sending the renewal notices to SuperAsh. The dispute resulted in litigation between Ashland and Valvoline.

2 The tolling agreements also provided that, if the parties reached a new lease agreement, the rent Ashland

paid under the tolling agreements, but not the tolling fee, would be applied to the rent due under the new lease agreement. (Second, Third, & Fourth Tolling Agreements at ¶ 4.) Whitaker explained the “key element” for Ashland “on the rental term” was that “paying that rent, the 250 per month, that was going to be applied to anything once we [came] to an agreement thereafter.” (Whitaker Dep. at 119.) When asked if Ashland agreed to pay $250,000 in rent for the period from April 1 to April 15, 2022 in the fourth tolling agreement, Whitaker stated the rent was not just “for that period,” although that was “one element of it,” because “any fees paid for this would be applied to any amounts due under the new [lease] agreement.” (Whitaker Dep. at 122.) No. 22AP-638 4

On August 12, 2022, the court “bifurcated the declaratory judgment requests of all the parties” from SuperAsh’s claim for FE&D. (Aug. 12, 2022 Journal Entry at 4.) The court stated it would hear the parties’ declaratory judgment claims first. {¶ 8} The parties submitted pre-trial briefs to the trial court addressing the pertinent issues for trial. Whitaker; SuperAsh’s general partner, Jay Woldenberg; and SuperAsh’s external real estate advisor, B.J. Feller, testified at the three-day trial commencing September 19, 2022. {¶ 9} On September 27, 2022, the trial court issued a declaratory judgment and an opinion. The court determined that “equity [could] come to the aid of someone making an innocent, unintended error under a lease.” (Sept.

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Bluebook (online)
2026 Ohio 1057, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ashland-global-holdings-inc-v-superash-remainderman-ltd-partnership-ohioctapp-2026.