Remi Holdings, LLC v. Ix Wr 3023 HSBC Way L.P.

2016 NCBC 96
North Carolina Business Court·Decided December 12, 2016·No. 15-CVS-20503·Published

Opinion

Remi Holdings, LLC v. IX WR 3023 HSBC Way L.P., 2016 NCBC 96.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION

MECKLENBURG COUNTY 15 CVS 20503

REMI HOLDINGS, LLC, Plaintiff,

v.

IX WR 3023 HSBC WAY L.P., ORDER AND OPINION ON STARWOOD CAPITAL GROUP DEFENDANTS’ MOTIONS TO DISMISS HOLDINGS, LLC d/b/a STARWOOD CAPITAL GROUP, JONES LANG LASALLE AMERICAS, INC.,

Defendants.

1. THIS MATTER is before the Court upon (i) Defendants IX WR 3023 HSBC Way L.P. (“Landlord”) and Starwood Capital Group Holdings, LLC’s (“Starwood”) (together with Landlord, the “Starwood Defendants”) Motion to Dismiss (the “Starwood Defendants’ Motion”) and (ii) Defendant Jones Lang LaSalle Americas, Inc.’s (“JLL”) Motion to Dismiss (“JLL’s Motion”) (collectively, the “Motions”) brought pursuant to Rule 12(b)(6) of the North Carolina Rules of Civil Procedure in the above- captioned case. After considering the Motions, briefs in support of and in opposition to the Motions, and the arguments of counsel at a hearing on the Motions, the Court hereby GRANTS the Motions.

Moore & Van Allen, PLLC by Mark A. Nebrig and Glenn E. Ketner, III, for Plaintiff Remi Holdings, LLC.

Troutman Sanders, LLP by Kiran H. Mehta, Samuel T. Reaves, and Kristen L. Schneider, for Defendants IX WR 3023 HSBC Way L.P. and Starwood Capital Group Holdings, LLC d/b/a Starwood Capital Group.

Cozen O’Conner by Tracy L. Eggleston and Patrick M. Aul, for Defendant Jones Lang LaSalle Americas, Inc.

Bledsoe, Judge.

I.

PROCEDURAL AND FACTUAL BACKGROUND 2. The Court does not make findings of fact on motions to dismiss under Rule 12(b)(6), but only recites those facts included in the Complaint that are relevant to the Court’s determination of the Motions.

3. This case arises out of a failed negotiation of a commercial lease. Plaintiff Remi Holdings, LLC (“Remi” or “Plaintiff”) is engaged in the business of providing customized equipment maintenance programs, and it currently leases office space in Charlotte from Irby Building, LLC (the “Irby Lease”). (Compl. ¶¶ 1, 10.) In late 2014, on account of its growing business, Plaintiff sought to take advantage of an upcoming early termination option on the Irby Lease and seek alternative commercial rental space that better suited its needs. (Compl. ¶ 12.) The Irby Lease allowed Remi to terminate the lease early on February 29, 2016 if Remi gave written notice 180 days in advance. (Compl. ¶ 10.) In early 2015, Plaintiff approached JLL, the Starwood Defendants’ commercial real estate agent, and expressed interest in leasing the third floor of a building known as the Edgewater Corporate Center (“Edgewater”). (Compl. ¶ 12.) Plaintiff alleges that Landlord operates Edgewater and that Landlord is a mere instrumentality of Starwood. (Compl. ¶ 4.) The Starwood Defendants had hired JLL as their real estate agent in anticipation of a master lease expiration that would occur in 2016. (Compl. ¶ 13.)

4. The parties began discussing Remi’s potential lease of the third floor of Edgewater, and Remi alleges that, relying on Defendants’ representations regarding the availability of the third floor of Edgewater, Remi hired a consultant in February 2015 to help plan for construction and relocation. (Compl. ¶ 19.)

5. Plaintiff sent a letter of intent in April 2015 to the Starwood Defendants, setting out the proposed terms of a potential lease (“Letter of Intent” or “Letter”).

6. The Letter of Intent contained a disclaimer stating that “[t]he terms and conditions outlined herein shall not be binding on either party until incorporated into a lease document, in form and substance, acknowledged and agreed to by both parties, and fully executed by both Landlord and Tenant.” (Compl. Ex. A, hereafter “LOI,” 6.) Furthermore, the Letter of Intent stated that its terms were contingent upon: “1) Landlord securing a successful buyout arrangement with HSBC of its 3 rd floor lease obligation, and; 2) Landlord’s guarantee that the Possession Date of November 1, 2015 will be met.” (LOI 6.) In its final paragraph, the Letter of Intent stated that “while this Letter of Intent is non-binding, it does represent the good faith and good will of each party[.]” (LOI 7.) On April 30, 2015, the Starwood Defendants’ real estate broker, JLL, informed Plaintiff via e-mail that the Starwood Defendants accepted the terms of the Letter of Intent. (Compl. ¶ 25.) The Complaint, however, is devoid of any allegations that the contingencies were met.

7. Plaintiff, JLL, Landlord, and Starwood all proceeded to exchange comments and drafts of a potential lease from June until August of 2015. In anticipation of the upcoming move, Plaintiff incurred costs related to initial space programming, architecture and planning costs, construction consulting services, and relocation. (Compl. ¶ 35.) On August 12, 2015, Defendants transmitted to Plaintiff a “final draft lease” (the “Final Draft Lease” or the “Lease”). (Compl. ¶ 39.) The Final Draft Lease contained a clause stating that it was transmitted for “review only and the delivery of it does not constitute an offer to [Plaintiff] or an option.”1 (Starwood Defs.’ Br. Opp. Mot. Dismiss Ex. B., hereinafter “Lease,” § 29.10.) Two days later, Plaintiff signed the Final Draft Lease and transmitted the document to Defendants anticipating that they would countersign the document. (Compl. ¶ 40.) Defendants allegedly represented that they would sign the Lease document as soon as the sublease with the current tenant leasing the Edgewater Space was terminated. (Compl. ¶ 43.) The Starwood Defendants purportedly renounced the Final Draft Lease without signing and on September 21, 2015 informed Plaintiff that they would instead lease the Edgewater Space to TriNet, an entity with whom the Starwood Defendants had allegedly been negotiating for months without Plaintiff’s knowledge. (Compl. ¶¶ 45, 47.) As a result, Plaintiff missed its early termination deadline in the Irby Lease. (Compl. ¶ 49.)

8. Plaintiff commenced this action on October 30, 2015 by filing its Complaint, alleging claims against the Starwood Defendants for breach of contract, breach of the duty of good faith and fair dealing, breach of the duty to negotiate in good faith, and

1 The Starwood Defendants attached the Final Draft Lease to their Motion to Dismiss. “When

ruling on a Rule 12(b)(6) motion, a court may properly consider documents which are the subject of a plaintiff's complaint and to which the complaint specifically refers even though they are presented by the defendant.” Oberlin Capital, L.P. v. Slavin, 147 N.C. App. 52, 60, 554 S.E.2d 840, 847 (2001).

unfair and deceptive trade practices under N.C. Gen. Stat. § 75-1.1. Plaintiff additionally asserted claims against JLL for tortious interference with contract and with prospective economic advantage. The Starwood Defendants and JLL filed separate motions to dismiss pursuant to Rule 12(b)(6) of the North Carolina Rules of Civil Procedure. The Motions are ripe for resolution.

II.

LEGAL STANDARD

9. The overarching question for the Court on a motion to dismiss under N.C. R. Civ. P. Rule 12(b)(6) is “whether as a matter of law, the allegations of the complaint, treated as true, are sufficient to state a claim upon which relief may be granted under some legal theory, whether properly labeled or not.” Harris v. NCNB Nat’l Bank of North Carolina, 85 N.C. App. 669, 670, 355 S.E.2d 838, 840 (1987) (citing Stanback v. Stanback, 297 N.C. 181, 185, 254 S.E.2d 611, 615 (1979)). Furthermore, the “complaint must be liberally construed, and the court should not dismiss the complaint unless it appears beyond a doubt that the plaintiff could not prove any set of facts to support his claim which would entitle him to relief.” Block v. County of Person, 141 N.C. App. 273, 277–78, 540 S.E.2d 415, 419 (2000). Factual allegations must be accepted as true; however, bare legal conclusions are “not entitled to a presumption of truth.” Miller v. Rose, 138 N.C. App. 582, 592, 532 S.E.2d 228, 235 (2000).

III.

ANALYSIS

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Remi Holdings, LLC v. Ix Wr 3023 HSBC Way L.P., 2016 NCBC 96 (N.C. Super. Ct. 2016).

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