Retail Properties v. Horne Properties

CourtCourt of Appeals of South Carolina
DecidedJanuary 28, 2009
Docket2009-UP-062
StatusUnpublished

This text of Retail Properties v. Horne Properties (Retail Properties v. Horne Properties) is published on Counsel Stack Legal Research, covering Court of Appeals of South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Retail Properties v. Horne Properties, (S.C. Ct. App. 2009).

Opinion

THIS OPINION HAS NO PRECEDENTIAL VALUE.  IT SHOULD NOT BE CITED OR RELIED ON AS PRECEDENT IN ANY PROCEEDING EXCEPT AS PROVIDED BY RULE 239(d)(2), SCACR.

THE STATE OF SOUTH CAROLINA
In The Court of Appeals

Retail Properties, Inc., Respondent,

v.

Horne Properties, Inc., Appellant.


Appeal From Richland County
 Alison Renee Lee, Circuit Court Judge


Unpublished Opinion No. 2009-UP-062
Heard January 6, 2009 – Filed January 28, 2009   


AFFIRMED


Louis H. Lang and Ian D. McVey, of Columbia for Appellant.

James A. Blair, III, of Greenville for Respondent.

PER CURIAM:  Horne Properties, Inc. (Horne) appeals from a jury verdict finding Retail Properties, Inc. (RPI) entitled to damages of $132,813 for Horne’s breach of its contract with RPI.  We affirm.

FACTUAL/PROCEDURAL HISTORY

This matter involves an admitted contract between RPI and Horne, wherein RPI agreed to represent Horne as a preferred grocery-anchored shopping center developer in certain South Carolina counties.  RPI sued Horne after Horne failed to pay RPI under the contract for site acquisition services rendered after Horne developed a Publix at the intersection of Broad River Road and Kennerly Street in Columbia. 

RPI is a company formed by Tim Metzler that specializes in tenant selection. Metzler had previously worked for a company which developed large shopping centers, such as Wal-Mart.  When Metzler left employment with that company, multiple clients, including Publix Super Markets, requested Metzler continue to represent them.  Metzler testified these chains would engage tenant representation firms to explain the nuances of the market, traffic patterns, and demographics and come up with a strategy for possible markets.  Metzler stated the tenant representation role is different from a broker, who represents the buyer or the seller in a transaction.  A tenant representation firm educates the tenant on where to go; they help create a plan, they create the submarkets, and they find opportunities. 

Publix engaged RPI to initiate the move of Publix stores into South Carolina.  As part of this representation, Publix asked RPI to interface with fifteen or twenty different developers over time.  Based on longstanding relationships with developers, Publix may request the tenant representation firm work with particular developers.  In 2000, Publix requested RPI expand its areas of responsibility into Columbia and five counties in the Upstate.    After driving around Columbia, Publix’s real estate manager, Bob Burkett, and Metzler identified five market opportunities.  At that time one of those developers, Horne, was soliciting business from Publix.  Based on a relationship Burkett had with William Hanks, a real estate manager for Horne, Burkett asked that RPI work with Horne when an opportunity arose.  Once Metzler, Burkett and Hanks identified some specific intersections of interest, the president of Horne, Richard Pressley, joined them in looking at the Columbia and Upstate areas.  According to Metzler, this business relationship ultimately resulted in RPI and Horne entering into a Fee Schedule agreement on March 2, 2000. 

The agreement between RPI and Horne provided as follows:

Retail Properties, Inc. and Horne Properties

Fee Schedule

Retail Properties, Inc. (RPI) agrees to represent Horne Properties as a preferred grocery-anchored shopping center developer in the following South Carolina counties:

Richland  Anderson Greenville Pickens
Lexington Cherokee Spartanburg  

Retail Properties’ assignment is to assist Publix Super Markets in improving their market share in the above markets.  Whenever there is an opportunity for a developer to be involved in a shopping center, it will be presented to Horne Properties.  As consideration for being a preferred shopping center developer, Horne Properties agrees to the following compensation agreement for RPI.

Site Acquisition
For each property purchased, a fee of $3.00 per sq. ft. on Publix GLA to be paid to RPI by the Seller and/or the Buyer at closing.

The document originally submitted by RPI to Horne contained additional services RPI could offer to Horne in exchange for additional fees and commissions, including assisting Horne with any joint ventures, Publix leases, and additional tenant leases.  However, these optional services were not desired by Horne and, as a result, the parties struck through all of these other services.  The document also originally provided under the site acquisition that RPI be compensated “a fee of 5% to be paid by the Seller and/or Buyer at closing with a $75,000 guaranteed minimum per single transaction and $100,000 guaranteed minimum per assemblage transaction,” but this language was modified to provide for the $3 per square foot of gross leasable area compensation, an industry standard.  Thus, the compensation for site acquisition work “went from a percentage to a flat fee.”  Additionally, language under the site acquisition proposal providing Horne would “guarantee a minimum fee of 2% of the purchase price to be paid to RPI” for the sale/purchase of shopping centers was struck through by the parties.    Pressley’s instructions to Metzler were “to go find dirt” that Horne could own and Horne was going to “develop it from the ground up.” 

Working under this agreement, Metzler testified RPI’s task with regard to site selection was to identify submarkets, further identify intersections, to help in a site selection process and, once everyone was in agreement on the site selection for a possible Publix, to go find the next site.  As site selector, RPI was to present all available opportunities to Horne and if the opportunities could be developed, assist them in the process.  Once an agreement was reached on site selection, Horne was responsible for continuing on the path to erect a Publix.  According to Metzler, RPI was to be compensated under the agreement “if we complete a site acquisition and identify a site.”  In order to complete the site acquisition, RPI would “filter all the information,” “go down to the intersection,” “do the work on the submarket,” and if Publix agrees to locate at that site, RPI would provide introductions to all the property owners.  Metzler testified, “[O]nce the initial meetings are completed we are out of the picture, and on to the next site.”  To achieve the final site acquisition, the developer would contract for the property and build a shopping center.  As a site selector, RPI would not be involved in the development of the property. 

In regard to the property that is the center of this dispute, Metzler and Burkett narrowed their search down from a submarket in the area to the particular intersection of Broad River and Kennerly.  At this time, RPI was under its agreement with Horne.

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Retail Properties v. Horne Properties, Counsel Stack Legal Research, https://law.counselstack.com/opinion/retail-properties-v-horne-properties-scctapp-2009.