Parma VTA, L.L.C. v. Parma GE 7400, L.L.C.

2025 Ohio 3279
CourtOhio Court of Appeals
DecidedSeptember 11, 2025
Docket114601
StatusPublished

This text of 2025 Ohio 3279 (Parma VTA, L.L.C. v. Parma GE 7400, L.L.C.) 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
Parma VTA, L.L.C. v. Parma GE 7400, L.L.C., 2025 Ohio 3279 (Ohio Ct. App. 2025).

Opinion

[Cite as Parma VTA, L.L.C. v. Parma GE 7400, L.L.C., 2025-Ohio-3279.]

COURT OF APPEALS OF OHIO

EIGHTH APPELLATE DISTRICT COUNTY OF CUYAHOGA

PARMA VTA, LLC, :

Plaintiff-Appellee, : No. 114601 v. :

PARMA GE 7400, LLC, :

Defendant-Appellant. :

JOURNAL ENTRY AND OPINION

JUDGMENT: AFFIRMED RELEASED AND JOURNALIZED: September 11, 2025

Civil Appeal from the Cuyahoga County Court of Common Pleas Case Nos. CV-14-829946, CV-20-927487, and CV-20-929948

Appearances:

McCarthy, Lebit, Crystal & Liffman Co., L.P.A., and Mark I. Wallach, and Lawrence R. Acton, for appellee.

Zagrans Law Firm LLC, and Eric H. Zagrans; Goldberg Legal Co., L.P.A., and Steven M. Goldberg, for appellant.

MARY J. BOYLE, P.J.:

In this appeal, we are asked to determine whether the trial court erred

when it confirmed two arbitration awards (the “Arbitration Award”) resulting from

an 11-year legal battle between the parties that is currently before this court for the

fifth time. Initially, the trial court denied the applications of plaintiff-appellee Parma VTA, LLC (“Parma VTA”) to confirm, and granted the motion to vacate the

Arbitration Award by defendant-appellant Parma GE 7400, LLC (“GE 7400”). The

trial court’s judgment was reversed by this court in Gerston v. Parma VTA, LLC,

2023-Ohio-1563 (8th Dist.) (“Gerston III”), and the matter was remanded for the

trial court to rule on GE 7400’s two remaining arguments in support of its motions

to vacate. In the interim, the matter proceeded to a jury trial on damages in

May 2022, and resulted in a verdict in favor of Parma VTA. GE 7400’s appeal of the

verdict was affirmed by this court in Gerston v. Parma VTA, LLC, 2024-Ohio-3005

(8th Dist.) (“Gerston IV”). Following Gerston IV, the trial court granted Parma

VTA’s application to confirm the Arbitration Award, awarded Parma VTA a lien in

the amount of $4,815,623.26 against GE 7400’s interest in the real estate

(“Property”) jointly owned by the parties, and awarded Parma VTA $105,144.06 in

attorneys’ fees and other and expenses. For the reasons set forth below, we affirm

the trial court’s judgment.

I. Facts and Procedural History

A. Gerston I — Gerston IV

The factual and procedural history underlying this appeal was

previously set forth by this court in Gerston v. Parma VTA, L.L.C., 2018-Ohio-2185

(8th Dist.) (“Gerston I”), Gerston v. Parma VTA, L.L.C., 2020-Ohio-3455 (8th Dist.)

(“Gerston II”), Gerston III and Gerston IV as follows:

This [is] a complex civil case that was initiated in 2014 by plaintiff- appellee Kimberlee Gerston (“Kimberlee”), Trustee of the Gerston Family Trust (“the Trust”), against the above-named defendants, as well as appellee Parma GE 7400. . . . Parma GE 7400 eventually became a plaintiff in this litigation.

The Trust was formed in 2002 under California laws by husband Kenneth Gerston (“Gerston”) and wife Kimberlee. Each was designated as the primary trustee, and in the event of the death of one of them, the survivor was to continue to act as the primary trustee. Gerston died in 2010, and, thereafter, Kimberlee assumed the role of primary trustee.

Prior to Gerston’s death, he and [Allan] Robbins had been negotiating the purchase of the centerpiece of this litigation — commercial property located at 7400 Broadview Road, Parma, Ohio [Property]. Gerston and Robbins formed companies for the sole purpose of effectuating the sale; Gerston’s company was Parma GE 7400 and Robbins’s company was Parma VTA. Robbins and Gerston entered into a Tenants-in-Common Agreement (“TIC Agreement”), which set forth the terms of the administration of the property and the nature of the parties’ relationship. [U]nder the TIC Agreement “[a]ny controversy arising out of or related to this Agreement or the breach thereof or an investment in the interests shall be settled by arbitration in Cuyahoga County * * *.”

Gerston II at ¶ 3-5.

[Further, under the TIC], Gerston’s company, Parma GE 7400, would own a 76.62% majority interest in the property, and Robbins company, Parma VTA, would own a minority 23.28% interest in the [P]roperty.

The purchase price for the [P]roperty was approximately $11 million. In order for the purchase to be effectuated, Gerston and Robbins had to assume the existing loan on the property, which had a principal sum of approximately $8.2 million. The assumption of the previous owner’s loan was set forth in a Consent to Transfer and Loan Assumption Agreement, dated October 4, 2005, that was the closing date for the transaction. The document was signed by Gerston and Robbins as presidents of their respective entities, and each was designated as borrowers and guarantors for the purchase of the property — a requirement of the mortgage lender that was set forth under the Consent to Transfer and Loan Assumption Agreement. Gerston and Robbins then had to pay the approximate difference between the $8.2 million previous loan and the $11 million purchase price. The loan was a nonrecourse loan, but set forth specific circumstances under which Gerston and Robbins would be fully personally liable as guarantors in the event of default [footnote omitted]. One such circumstance was if there was an unpermitted transfer, assignment, or relinquishment of ownership interest in Parma GE 7400.

To pay the approximate difference between the purchase price and the existing loan amount, Robbins put $500,000 earnest money in escrow in February 2005, and that money was applied toward the purchase price. The two agreed that Robbins and/or one of his business entities would loan the entirety of the equity portion necessary for the purchase to Parma GE 7400 (Gerston’s company).

Under the Consent to Transfer and Loan Assumption Agreement, the mortgage lender imposed limitations on the ability to transfer the parties’ respective interests in the property. For example, they were restricted from (1) selling or transferring all or any portion of their respective interests in the property without the prior consent of the mortgage lender; and (2) transferring ownership of member interest in their respective companies.

As mentioned, the purchase of the [P]roperty closed on October 4, 2005. The TIC Agreement contained an integration clause, which provided that no modification, waiver, or amendment would be valid unless it was in writing and signed. The TIC Agreement, Consent to Transfer and Loan Assumption Agreement, mortgage, and limited warranty deed were all recorded in the Cuyahoga County Recorder’s Office.

The parties also entered into an Operating Agreement so that their respective business entities could set forth rules that it wanted the parties to follow. Relative to Parma GE 7400, the Operating Agreement, that was signed by Gerston on October 3, 2005, stated the sole purpose of establishing Parma GE 7400 was to acquire property and assume the $8.2 million loan.

...

In August 2010, Gerston passed away; at the time of his death he was the sole member of Parma GE 7400. . . .

In early 2014, unbeknownst to Kimberlee or the Trust, Robbins attempted to sell a portion of Parma GE 7400’s 76.62% interest in the property to potential buyers. The potential buyers and their counsel raised the issue with Robbins about who owned the 76.62% interest in the property. To address their concern, counsel who had previously worked with both Gerston and Robbins when they initially purchased the property, drafted an Assignment of Interest that stated that Gerston was the sole owner of Parma GE 7400 until his death, upon which his interest passed to Kimberlee as Gerston’s sole heir and legal representative.

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Bluebook (online)
2025 Ohio 3279, Counsel Stack Legal Research, https://law.counselstack.com/opinion/parma-vta-llc-v-parma-ge-7400-llc-ohioctapp-2025.