Pack Properties XIV, LLC and T&T Realty Corp. v. Remington Prosper, LLC

CourtCourt of Appeals of Texas
DecidedMay 29, 2024
Docket05-22-01211-CV
StatusPublished

This text of Pack Properties XIV, LLC and T&T Realty Corp. v. Remington Prosper, LLC (Pack Properties XIV, LLC and T&T Realty Corp. v. Remington Prosper, LLC) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Pack Properties XIV, LLC and T&T Realty Corp. v. Remington Prosper, LLC, (Tex. Ct. App. 2024).

Opinion

REVERSE and REMAND and Opinion Filed May 29, 2024

S In The Court of Appeals Fifth District of Texas at Dallas No. 05-22-01211-CV

PACK PROPERTIES XIV, LLC AND T&T REALTY CORP., Appellants V. REMINGTON PROSPER, LLC, Appellee

On Appeal from the 471st Judicial District Court Collin County, Texas Trial Court Cause No. 471-04301-2021

MEMORANDUM OPINION Before Justices Partida-Kipness, Pedersen, III, and Garcia Opinion by Justice Pedersen, III Appellants Pack Properties XIV, LLC (Pack Properties) and T&T Realty

Corp. (T&T) appeal the trial court’s February 20, 2023 Final Judgment, which

granted the summary judgment motions of appellee Remington Prosper, LLC

(Remington) and denied the partial summary judgment motion of appellants. The

case involves a contract for the sale of real property (the Contract) and allegations—

by both the seller and the purchaser—of breach of that Contract. Appellants argue

the trial court’s summary judgment rulings in favor of Remington were erroneous,

identifying five subsidiary issues for our review: whether appellants are affiliates of each other; whether—if T&T breached the parties’ agreement by assigning it to a

non-affiliate without Remington’s consent—that breach was immaterial and

whether that breach was cured by appellants’ offer to rescind the assignment;

whether Remington is barred from enforcing the consent-to-assignment requirement

by doctrines of waiver or estoppel; and whether Remington is entitled to attorney’s

fees. We conclude that no party established that it was entitled to judgment as a

matter of law, so we reverse the trial court’s Final Judgment and remand this case

for further proceedings.

Background

Lou Lebowitz wished to own and operate a Subaru car dealership in Prosper,

Texas, and in 2019 he was successful in obtaining a Letter of Intent (LOI) from

Subaru of America, Inc. The LOI identified the “dealership entity” as SLJ/SOP, Ltd.

(SOP), an entity owned 100% by Lebowitz, and it identified the conditions that

Lebowitz or SOP would need to fulfill to open such a dealership. For our purposes,

those conditions included (1) purchasing an acceptable site for the dealership, and

(2) associating with a partner who was an experienced car dealer, who would own a

significant percentage of the dealership, and who would provide experienced

management for the dealership.

To fulfill the first condition, Lebowitz identified property on State Highway

380 in Prosper (the Property) that was owned by Remington. Subaru approved the

Property for the site of the dealership, and T&T (another entity owned 100% by

–2– Lebowitz) signed the Contract with Remington to purchase the Property for

approximately $7.3 million.

As to the second relevant condition in the LOI, Lebowitz developed a

relationship with Sam Pack, who owned multiple dealerships himself and who had

decades of experience in car dealerships. The two men agreed to work together to

open the Subaru dealership. Together they created a complicated web of business

entities and relationships to participate in what they call their “Enterprise.” Through

two of those entities, the men entered into a Mutual Acquisition and Development

Agreement (the MADA). One party to the MADA was Lebowitz’s SOP; the other

was a Pack-owned entity, Pack Automotive Group, Ltd. (PAG). The MADA

included the following agreements:

 T&T would assign its interest in the Contract to Pack Prosper1;

 PAG would take over payments under the Contract, including reimbursing T&T for its initial deposit;

 Pack Properties and SOP would enter into a lease, in which Pack Properties agrees to construct the Subaru dealership on the Property pursuant to the requirements of the LOI;

 PAG would enter into an Operating Agreement with SOP; and

 PAG would pay $1,750,000.00 in cash in exchange for the assignment to it of 49% of the general and limited partnership interests in SOP.

1 In April 2021, Pack Prosper changed its name to Pack Properties XIV, LLC; the name change has not affected any party’s position in this litigation. After this initial reference to Pack Prosper, we will continue referring to the appellant assignee entity as Pack Properties. –3– Following execution of the MADA, T&T assigned its interest in the Contract to Pack

Properties. Approximately one month later, Lebowitz informed Stanley Graff, owner

of Remington, about the assignment to Pack Properties; appellants’ lead

transactional lawyer, Roy True, likewise gave the assignment information to

Remington’s transactional lawyer, Robert Allen.

The assignment to Pack Properties implicated a provision of the Contract that

stated:

Purchaser may assign this Contract to an affiliate or entity under common control with Purchaser with notice to, but without the consent of Seller. Any other assignment shall require Seller’s prior written consent.

Initially, the parties proceeded as they had before the assignment. Closing was

scheduled for May 25, 2021. The title company re-issued its title-insurance

commitment in Pack Properties’ name and revised all closing documents to name

Pack Properties as the purchaser, and Allen revised the warranty deed to show Pack

Properties as the purchaser. Pack Properties executed all the closing documents and

placed them in escrow with the title company and initiated a wire transfer for the

purchase price of the Property.

The day before the closing date, Remington asked to postpone closing for one

month, until June 25. Through Allen, Remington promised to execute the closing

documents and to put them in escrow, so Pack Properties, through True, agreed to

the postponement and pulled back its wire transfer.

–4– Three days later, on May 27, Allen sent a letter to Lebowitz and True

requesting for the first time “appropriate written evidence” that the assignment had

been made according to the Contract, i.e., to an affiliate of T&T or an entity

otherwise under the common control of T&T. The letter also referred to a second

agreement Remington had with another entity to purchase land adjacent to the

Property and said that:

Under that [second] agreement the purchaser named therein has certain rights to acquire the Property if the Purchaser fails to close the purchase of the Property as required pursuant to the Contract. The Seller believes that it may have some liability to the purchaser in that agreement if it were to sell the Property to Pack in violation of the terms of the Contract.

Lebowitz had learned of the existence of this second contract between Remington

and Shottenkirk Highway 380 Properties, LLC (Shottenkirk) during negotiations for

the Contract. He testified in his summary judgment affidavit that Allen told him that

Shottenkirk had a right to purchase the Property if the Contract did not close or was

terminated, but appellants learned only later that the Shottenkirk right to purchase

the Property could be triggered by delay in closing appellants’ Contract.

In response to Allen’s request for evidence of affiliation, True drew up and

sent Allen a draft of the organizational chart for the Pack-Lebowitz Enterprise. True

testified that Allen then called him and relayed Graff’s “reluctance to close” the sale,

expressing Graff’s “primary concern” that he would be sued by Shottenkirk if he

closed. True stated that, according to Allen, “Graff would have Remington close

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Pack Properties XIV, LLC and T&T Realty Corp. v. Remington Prosper, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/pack-properties-xiv-llc-and-tt-realty-corp-v-remington-prosper-llc-texapp-2024.