Shippensburg Lot 8, LLC v. CVRDC

CourtSuperior Court of Pennsylvania
DecidedJanuary 14, 2026
Docket57 MDA 2025
StatusUnpublished
AuthorLane

This text of Shippensburg Lot 8, LLC v. CVRDC (Shippensburg Lot 8, LLC v. CVRDC) is published on Counsel Stack Legal Research, covering Superior Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Shippensburg Lot 8, LLC v. CVRDC, (Pa. Ct. App. 2026).

Opinion

J-A28040-25

NON-PRECEDENTIAL DECISION - SEE SUPERIOR COURT O.P. 65.37

SHIPPENSBURG LOT 8, LLC : IN THE SUPERIOR COURT OF : PENNSYLVANIA Appellant : : : v. : : : CUMBERLAND VALLEY REGIONAL : No. 57 MDA 2025 DEVELOPMENT CORPORATION AND : MATRIX SHIPPENSBURG I, L.P. :

Appeal from the Order Entered December 10, 2024 In the Court of Common Pleas of Franklin County Civil Division at No(s): 2020-02673

BEFORE: KUNSELMAN, J., McLAUGHLIN, J., and LANE, J.

MEMORANDUM BY LANE, J.: FILED: JANUARY 14, 2026

Shippensburg Lot 8, LLC (“Plaintiff”), appeals from the order denying its

motion for summary judgment, and granting the motion of Cumberland Valley

Regional Development Corporation (“CVRDC”) for summary judgment.1 We

affirm.

The trial court summarized the underlying facts as follows. CVRDC

owned “United Business Park - Lot 8 (‘the Property’) in Franklin County,

Pennsylvania.” Trial Court Opinion, 1/12/22, at 1. In 2016, CVRDC and Matrix

Shippensburg I, L.P. (“Matrix”) entered into a “Right of First Refusal (‘ROFR’)

____________________________________________

1 For ease of discussion, we refer to these parties with the same shorthand

designations, “Plaintiff” and “CVRDC,” employed by the trial court. J-A28040-25

Agreement” with regard “to the Property and other properties located in

United Business Park.” Id.

The ROFR Agreement set forth the following terms. In the event CVRDC

intended to sell the Property, CVRDC must first provide Matrix with a notice,

termed a “Disposition Notice,” identifying the property, the proposed

purchaser, and the material terms of the proposed transaction. Matrix then

had the right to purchase the Property “at the price and on the terms and

conditions set forth in the Disposition Notice.” ROFR Agreement, 6/8/16, at

unnumbered 2, Ex. 1 to Amended Complaint, 3/2/22. If Matrix wished to

exercise this right, it must send written notice to CVRDC within fifteen days of

receipt of the Disposition Notice. If Matrix gave such notice, then Matrix and

CVRDC “shall . . . enter into an agreement of sale[.]” Id.

If, however, Matrix did not provide proper and timely notice, or if it

notified CVRDC that it waived its right, then CVRDC “shall be free to effect a

disposition of the . . . Property to the identified transferee at a price . . . not

less than the price . . . set forth in the Disposition Notice and on the terms

of the Disposition Notice.” Id. at 4 (some capitalization omitted and

emphasis added). The ROFR Agreement defined any such sale to a

prospective transferee, which satisfied these requirements, as a “Complying

Disposition.” Id. If a “Complying Disposition is so effectuated, Matrix’s right

of first refusal shall expire . . . and be of no further force or effect.” Id. On

the other hand, if CVRDC does not sell the Property

-2- J-A28040-25

pursuant to an agreement on terms which would be a Complying Disposition . . . within one (1) year . . . , then Matrix’s right of first refusal will be reactivated [and CVRDC] would be required to give a new Disposition Notice . . . which would again trigger Matrix’s right of first refusal.

Id.

Almost four years later, in 2020, CVRDC engaged in negotiations with

Plaintiff for the sale of the Property, and they reached an agreement with

respect to the material terms. Thus, in March 2020, CVRDC issued a

Disposition Notice (“First Disposition Notice”) to Matrix, which stated CVRDC’s

intent to sell the Property to Plaintiff, a sale price of $4,000,000, and

anticipated terms regarding the deposit amount, due diligence period, and

closing date. At this time, Matrix did not exercise its right to purchase the

Property.2

In July 2020, Plaintiff and CVRDC executed a formal agreement of sale

(the “Agreement”) for Plaintiff to purchase the property. This Agreement set

forth the same $4,000,000 sale price that was in the First Disposition Notice

to Matrix. However, the terms regarding the deposit amount, due diligence

2 Plaintiff, CVRDC, and Matrix extensively litigated the issues of whether the

First Disposition Notice was valid and whether Matrix waived its right of first refusal in response. See Trial Court Opinion, 12/18/23, at 6-7; see also Trial Court Opinion, 1/12/22, at 6-7. The trial court held in the affirmative on both questions. As Plaintiff does not challenge these rulings on appeal, for brevity we merely summarize above that: (1) CVRDC sent a First Disposition Notice in March 2020; and (2) Matrix opted not to purchase the Property.

-3- J-A28040-25

period, and closing date differed from those in the First Disposition. Trial Court

Opinion, 12/18/23, at 8.

Saliently, Section 6.22 of the Agreement referred to the ROFR

Agreement as follows:

6.22 Contracts; ROFR. There are no unrecorded agreements, documents or contracts affecting the Property, other than the ROFR. The ROFR has been waived and released by Matrix . . . effective April 7, 2020, subject to the ROFR requirement to complete the transactions provided for in this Agreement as a Complying Disposition (as defined in the ROFR) within one (1) year of such release.

Agreement of Sale, 7/10/20, at 11 (emphasis added).

Following the execution of the Agreement, Plaintiff sought title insurance

for the Property. The title insurance company required “the recording of an

executed formal waiver of the ROFR by Matrix.” Trial Court Opinion, 1/12/22,

at 2. However, in August 2020, CVRDC informed Plaintiff “that Matrix was

refusing to tender the written ROFR waiver and was disputing the validity of

the [First] Disposition Notice.” Id.

On August 18, 2020, CVRDC issued a second Disposition Notice

(“Second Disposition Notice”) to Matrix. Matrix sent a timely letter to CVRDC,

electing to purchase the Property on the terms set forth in the Second

-4- J-A28040-25

Disposition Notice.3 CVRDC did not complete the sale of the Property to

Plaintiff.

In September 2020, Plaintiff commenced the underlying suit against

CVRDC and Matrix, raising claims of breach of contract, equitable estoppel,

and tortious interference with a contract.4 See Amended Complaint, 3/2/22,

at 20, 22, 24, 26. We note there was voluminous pre-trial litigation, which

included CVRDC’s answer to the complaint; CVRDC’s cross-claims against

Matrix; Matrix’s preliminary objections to both the complaint and CVRDC’s

cross-claims; Plaintiff’s amended complaint; Matrix’s new preliminary

objections; and CVRDC’s and Matrix’s motions for summary judgment. The

trial court heard oral argument on several of these filings. We summarize the

court’s relevant rulings, which led to and provide necessary context to the

underlying grant of summary judgment in favor of CVRDC.

First, on December 18, 2023, the trial court found that the terms of the

ROFR Agreement were clear and unambiguous. Additionally, the court

determined: (1) the March 2020 First Disposition Notice, from CVRDC to

3 The parties litigated the issue of whether Matrix’s letter in response to the

Second Disposition Notice was timely. The trial court determined it was, and Plaintiff does not challenge this finding on appeal. See Trial Court Opinion, 12/18/23, at 11-13.

4 Plaintiff’s amended complaint did not claim it paid a deposit to CVRDC, but

rather requested, inter alia: specific enforcement of the Agreement; judgment against Matrix of more than $10,000,000; and punitive damages of more than $30,000,000.

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Shippensburg Lot 8, LLC v. CVRDC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/shippensburg-lot-8-llc-v-cvrdc-pasuperct-2026.