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HomeMy WebLinkAbout10-6459 LANDMARK COMMERCIAL REALTY, INC., Plaintiff IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA V. Docket No.: ?? - 6659 HUMBOLDT 68 LAND, LLC, and HIGGINS DEVELOPMENT PARTNERS, L.L.C. Defendants Civil Action - Law -r? Zr L; -~+ NOTICE TO DEFEND En rr- --i ' -< ' ;Z? c? You have been sued in court. If you wish to YOU SHOULD TAKE THIS PAPEO defend against the claims set forth in the LAWYER AT ONCE. IF YOU DO following pages, you must take action within A LAWYER OR CANNOT AFFOIR G twenty (20) days after the complaint and notice TO OR TELEPHONE THE OFTtEuE are served, by entering a written appearance FORTH BELOW TO FIND OUT WHERE YOU personally or by attorney and filing in writing CAN GET LEGAL HELP. with the court your defenses or objections to the claims set forth against you. You are warned LAWYER REFERRAL SERVICE that if you fail to do so the case may proceed 32 SOUTH BEDFORD STREET without you and a judgment may be entered CARLISLE, PA 17013 against you by the court without further notice (717) 249-3166 for any money claimed in the complaint or for any other claim or relief requested by Plaintiff. You may lose money or property or other rights important to vou. AVISO Le han demandado a usted en la corte. Si usted quiere defenderse de estas de estas demandas expuestas an las paginas signientes, usted tiene veinte (20) dias de plazo al partir de is fecha de la demanda y is notificacion. Hace falta asentar una comparencia escrita o en persona o con un abogado y entregar a la corte en forma escrita sus defensas o sus objeciones a las demandas en contra de su persona. Sea avisado que si usted no se defiende, le corte tomara medidas y puede continuar la demanda en contra suya sin previo aviso o notificacion. Ademas, la corte puede decidir a favor del demandante y requiere que usted cumpla con todas las provisions de esta demanda. Usted puede perder dinero o sus propiedades u ostros derechos importantes para usted. LLEVE ESTA DEMANDA A UN ABOGADO INMEDIATAMENTE, SI NO TIENE ABOGADO O SI NO TIENE EL DINERO SUFICIENTE DE PAGAR TAL SERVICIO. VAYA EN PERSONA O LLAME POR TELEFONO A LA OFICINA CUYA DIRECCION SE ENCUENTRA ESCRITA ABAJO PARA AVERIGUAR DONDE SE PUEDE CONSEGUIR ASISTENCIA LEGAL. LAWYER REFERRAL SERVICE 32 SOUTH BEDFORD STREET CARLISLE, PA 17013 (717) 249-3166 LANDMARK COMMERCIAL REALTY, INC., Plaintiff V. HUMBOLDT 68 LAND, LLC, and HIGGINS DEVELOPMENT PARTNERS, L.L.C. Defendants IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA Docket No.: I? - u : Civil Action - Law COMPLAINT NOW COMES Plaintiff, Landmark Commercial Realty, Inc., by and through its attorneys, Capozzi & Associates, P.C., and makes the following Complaint for a money judgment against Defendants, and in support thereof, respectfully avers as follows: Plaintiff, Landmark Commercial Realty, Inc., is a Pennsylvania corporation with its principal place of business located at 20 Erford Road, Suite 215, Lemoyne, Cumberland County, PA 17043 ("Landmark Commercial" or "Broker"). 2. Defendant Humboldt 68 Land, LLC is a corporation registered in Pennsylvania having an entity number 3224685 with its last known address of 71 South Wacker Drive, Suite 4700, Chicago, IL ("Seller"). Defendant Higgins Development Partners, L.L.C. is a corporation registered in Pennsylvania having an entity number 2939580 with its last known address of 408 Headquarters Plaza North, Morristown, NJ 07960 ("Seller") 4. On or about February 29, 2008, Landmark Commercial and Defendants entered into a Brokerage Agreement ("Brokerage Agreement") for Landmark Commercial as a contract to broker a sale of Defendants' commercial real property to a prospective buyer. A true and correct copy of the Brokerage Agreement is attached hereto as Exhibit "A." 2 (>., a 6D, O OX 5. Landmark Commercial executed and performed most of the work required as a broker under the Brokerage Agreement from its offices located in Cumberland County. 6. The commercial real property in question consisted of a 400,260 square foot vacant warehouse building located at 68 Green Mountain Road, Hazleton, Schuykill County, Pennsylvania ("Real Property"). 7. The Brokerage Agreement provides that as the Broker, Landmark Commercial "representedrepresents Exeter Property Group, L.P.... [Buyer] in its search for a suitable industrial investment opportunity in the Central/ Northeast Pennsylvania business market." 8. The Brokerage Agreement also provides that, "SELLER [Defendant] agrees to pay BROKER [Landmark Commercial] a procuring sales commission, for brokerage services rendered, in the event a sale is consummated with the above-referenced BUYER .... The commission shall be due and payable as follows: (i) Commission on Acquisition. SELLER shall pay BROKER a procuring sales brokerage fee equal to one and one half (1.5%) percent of the gross mutually acceptable purchase price. Said fee shall be in addition to any commission due any listing broker, if any." 9. The Brokerage Agreement also provides that "This agreement shall be binding upon the undersigned SELLER." 10. On or about April 27, 2010, Defendants executed a Special Warranty Deed during the closing for the sale of the Real Property to Exeter Property Group, LP. for a total gross purchase price of $12,857,500.00. A true and correct copy of the Special Warranty Deed is attached hereto as Exhibit "B." 11. On or about June 2, 2010, Landmark Commercial sent Defendants an invoice for the Brokerage Fee due for the sale of the Real Property. A true and correct copy of the invoice is attached hereto as Exhibit "C." 3 12. On or about June 16, 2010, counsel for Landmark Commercial sent Defendants a demand for payment. A true and correct copy of the demand is attached hereto as Exhibit "D." COUNT I - BREACH OF CONTRACT 13. Plaintiff hereby incorporates paragraphs 1 through 12 of this Complaint as if set- forth at length herein. 14. Pursuant to the terms of the Brokerage Agreement, Defendants agreed to pay to Landmark Commercial the 1.5% brokerage fee for securing a buyer for its Real Property, which total is $192,862.50 ("Brokerage Fee"). 15. As a result of the sale of the Real Property to Buyer on April 27, 2010, Defendants had a duty to pay Landmark Commercial the Brokerage Fee under the terms of the Brokerage Agreement. 16. Landmark Commercial is entitled to compensation of the Brokerage Fee for the brokerage services rendered to Defendants. 17. Landmark Commercial has demanded payment of the Brokerage Fee from the Defendants, but Defendants have refused and continue to refuse to remit payment to Landmark Commercial as agreed. 18. Defendants' refusal and failure to pay the Brokerage Fee constitutes a breach of contract and the Brokerage Agreement. 19. Landmark Commercial has been damaged by the failure of the Defendants to pay for the services rendered. WHEREFORE, Landmark Commercial Realty, Inc. demands judgment against Defendants in the amount of $192,862.50, plus interest and costs of collection, which sum exceeds the local limit for arbitration. 4 COUNT II-QUANTUM MERUIT 20. Plaintiff hereby incorporates paragraphs 1 through 19 of this Complaint as if set forth at length herein. 21. Pursuant to Rule 1020(c) of the Pennsylvania Rules of Civil Procedure, Landmark Commercial pleads the following alternative cause of action. 22. As more fully described herein, Landmark Commercial's expectation of payment in exchange for rendering brokerage services to Defendants was reasonable. 23. Landmark Commercial, in rendering services and consummating the sale of the Real Property to Defendants, has conferred a substantial benefit upon them. 24. Defendants retained the benefit of the bargain with Landmark Commercial and have not conferred a similar benefit in return upon Landmark Commercial. 25. Defendants have been unjustly enriched at the expense of Landmark Commercial. 26. Landmark Commercial is entitled to proper compensation for the brokerage services rendered to Defendants. 27. Landmark Commercial has demanded payment from Defendants, but Defendants have refused payment. 28. Defendants' unjust enrichment at Landmark Commercial's expense has damaged Landmark Commercial. WHEREFORE, Landmark Commercial Realty, Inc. demands judgment against Defendants in the amount of $192,862.50, plus interest at the legal rate of 6% per annum, which sum exceeds the local limit for arbitration. 5 Respectfully submitted, CAPOZZI & ASSOrqIATES, P.C. Date: L'O1/C, By: Attorney I.D. &-W41 Craig Adler Attorney I.D. No. 52970 2933 N. Front Street Harrisburg, PA 17110 (717) 233-4101 Attorneys for Landmark Commercial Realty LANDMARK COMMERCIAL REALTY, INC., Plaintiff V. HUMBOLDT 68 LAND, LLC, Defendant IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA Docket No.: Civil Action - Law VERIFICATION I, David Remmel, President, do hereby verify that the facts provided in the foregoing Complaint are true and correct to the best of my knowledge, information and belief. I understand that any false statements therein are subject to the penalties contained in Title 18 of the Pennsylvania Consolidated Statutes Section 4904, relating to unsworn falsification to authorities. Dater l U David emme , President Landmark Commercial Realty, Inc. 7 Fmfm1w-,h-1,m LAA"K February 28, 2008 Mr. Gene Preston Senior Vice President elopment Partners Higgins Dev -??. r----? 408 Headquarters Plaza North Morristown, NJ 07960 Brokerage Agreeawnt ;rt THIS AGREEMENT is made this) 4' day of i &dc.rj 2008 between Landmark Commercial Realty, Inc. hereinafter referred to as "BROKER", and Humboldt Land 68, LLC, Delaware Limited Liability Corporation, hereinafter referred to as " . WITNESSETH that said BROKER represents EXETER PROPERTY GROUP. L.P., in its search for a suitable industrial investment opportunity in the Central / Northeast Pennsylvania business market. In connection with that search, BROKER has produced EXETER PROPERTY GROUP. L.P. as a prospective Buyer for the property and transaction described as follows: 68 Green Mountain Road, Hazleton, PA 400,260 SF Existing Vacant Warehouse Building Humboldt Industrial Park NOW, in consideration thereof, SELLER agrees to pay BROKER a procuring sales commission, for brokerage services rendered, in the event a sale is consummated with above referenced BUYER, its assignee, designee, partner, holding company, corporation, operating entity or any other entity owned, managed or controlled by same. The commission shall be due and payable as follows: (1) Commission on Acquisition. SELLER shall pay BROKER a procuring sales brokerage fee equal to one and a half (1.5019) percent of the gross mutually acceptable purchase price. Said fee shall be in addition to any commission due any listing broker, if any. This agreement shall be binding upon the undersigned SELLER. The terms of this commission agreement have been freely and openly negotiated between said SELLER and BROKER. EXHIBIT Any notice with regard to this agreement shall be made in writing, and distributed as follows: Broker: W Jason Grace CCLM SIOR Dirtctor of Sales & L&Mina Landmark Commercial Realty. Inc. 20 Erford Road. Suite 215 Lemoyne. PA 17043 717-731-1990 Ext. 3011 With a copy to: Owner: Mr. Gene Preston Senior Vice President Higgins Development Partners 408 Headquarters Plaza North Morristown. NJ 07960 973-889-0600 Ext. 8510 BUYER hereby aclmowledges receipt and review of a copy of the Consumer Notice prepared by the Pennsylvania Real Estate Commission. A copy of the Consumer Notice is attached hereto as Exhibit to this agreement. IN WITNESS WHEREOF, INTENDING TONE LEGALLY BOUND, the parties hereto have caused this agreement to be executed this-91V day of 2008. SELLER: P???i,?.s /?r?l?;ti,:a?e,.? nt.l.::• ..r By /YDate Title t BROKER: -? t L?1I CCIMM r[ c?t \ `(e4 C . By Date Title 05/20/2010 13:42 5706281261 SCH CO PROTHONOTARY PAGE 02 ? ?? t r iOriQhSt 4' aK L ?'7 Q ?U 2 J F i?ed for R? card in / BCHUYLRILL COMM PA A ttATTNEW DUDISN.RECORDER OF DEEDS O5.•t1-210 At 12:06 ca. PREPARED BY: DEED 257217.00 CIR Sk. 2371, Pose 1:34 - 1291 2010ONX6t43 Frederic a,liogan, Esq. LAND SERVICES 602 E EALTTMORE PIKE STE 100 O'Rourke, Hogan, Fowler &. Dwyer MEDIA, PA 19063 10 S. LaSalle Street, Suite 2900 Chicago, Illinois 60603 ?01o(OppqS4t3 Gx6"t status - N Stake inx f 128575.00 RECORD AND RETURN TO: lax S 1375. is 64287 .50 EAST UNION00TOWSHIP Todd Chase, Esq. S 64287.50 HAZLETON AREA SCHOOL DISTRICT Ca ;;7 ICAT;CB of P,: i1.11 N:U1W.'a 1S ony DLA Piper LLP 6225 Smith Avenue DOES NOT CEPFY CONTENTS p Of THS D CUi4 Baltimore, Marfland 21209-3600 0T:e Parcel Identification Number: 9-2-4(19THLTYLhILE COUNTY ASSESSMENT BUREAU (Space Above this Linc for County Recorder's Use Only) S pecial Warranty Deed THIS INDENTURL, made this April 27, 2010, but effective as of April 30, 2010, by Humboldt 68 Land, -L.C., a Delaware limited liability company ("Grantor"), and Exeter 68 Green Mountain I, L.P., a Pennsylvania limited partnership ("Grantee") WITNESSETH, that Grantor, fnr and in consideration of the total gross purchase price of S1 2,857,500.00 and other good and valuable consideration unto Grantor well and truly paid by Grantee, at or before the scaling and delivery hereof, the receipt and sufficiency whereof are hereby acknowledged, has granted, bargained and sold, released and confirmed, and by these presents does grant, bargain and sell, release and confirm unto Grantee, its successors and assigns, all the real estate situated in the Township of Fast Union, County of Schuylkill, in the Commonwealth of Pennsylvania legally described on Exhibit A attached hereto and incorporated herein by referent. UNDER AND SUBJECT, nevertheless, to the restrictions, covenants, easements and conditions listed on Exhibit $ attached hereto and made a part hereof, TOGETHER WITH all and singular the buildings and improvements, ways, streets, alleys, driveways, waters. water-courses, rights, liberties, privileges, hereditaments and amurtaoaaceS whatsoever unto the hereby granted premises belonging, or in anywise appertaining, and the reversions and remainders, rents, issues and profits thereof; and all the estate, right, title, interest, property, claim and demand whatsoever, of Grantor, as well at law as in, equity, of, in and to the above described premises. TO HAVE AND TO HOLD the said premises as above described, with the messuage or tenement thereon erected, hereditatnents and premises hereby granted, or mentioned and intended so to be, with the appurtenances, unto Grantee, its successors and assigns forever. EXHIBIT 05/20/2010 13:42 5706281261 111 Me ...._._ UNDER AND SUILIECT, as aforesaid. SCH CO PROTHONOTARY BK237OPG 1 286 PAGE 03 4ND Grantor, for itself, its successors and assigns, does covenant, promise and agree, to and with the Chwttee, its successors and assigns, by these presents, that Grantor and its successors, all and singular the hereditaments and premises hereby granted or mentioned and intatded so to be, with the appu tenanees, unto the Grantee, its successors and assigns, against it, the Grantor and its successors, and against all and every person and persons whomsoever lawfully claiming or to claim the same or any part thereof, by, from or under it, them, or any of them, shall and will, subject as aforesaid, WARRANT and forever DEFEND. IN WITNESS WHEREOF, Grantor has caused these presents to be duly executed by its authorized officer as of the day and year first above written. Grantor: HUMBOLDT 69 LAND, "C., a Delaware limited liability company By: 140P Asset Co. Two, L.L.C., a Delawam limited liability company, a member By: PH ltrnstors, L,L.C., a Delaware limited liability company, a me r By. N hs: 2 05!20./2010 13:42 5706281261 SCH CO PROTH014DTARY PAGE 04 BK237OPG 1287 STATE OF ILLINOIS) SS. COUNTY OF COOK ) Acknowledgment 1, ffi' n',t. a notary public in and for said County, in the Stato oforesad, DO HEREBY`CERTIFY that.Q tt Pwvmal)y known to me to be both a duly authorized member of the Board of Directors of PH Investors, L.L.C.. a Delaware limited liability °OMMy. And a duly llu toriud repxesemtative of R DP Asset Co. Two, L.L.C, a Delaware limited liability company, both of which limited liability companies are the only members of Humboldt 68 Land, L.L.C., a Delaware limited liability company and duly qualified to transact business in the Commonwealth of Pennsylvania, and personally known to me to be the same person whose name is subscribed to tbo foregoing instrument, appeared before me this day In person and acknowledged that as such duly autroriaad member of the Board of Directors and such duly authorized representative of the said only members of Humboldt 68 Land; L.L.C., he signed and delivered the said inarnrnart, as his free and voluntary act, and as the free and voluntary act and dead of said Humboldt 68 Lard, L.L.C., for the uses and purposes thm+ein set ltntb. 3IVHN under my hand and official seal this T !y of 2010. w - ? Nobu f?Pmbfic?? - dMaIAWI&PM2 Printed Name; 1 )ictnn??lti?d ? Resident of: l?li)hn7t Commission Expires: C?'ti1NM? of tiwsidene. I hereby certify (1) FOR THE nMPOSE OF t)ELIVERY OF TAX STATEMENTS and (2) FOR ALL OTHER PURPOSES (including delivery of aswumcm chamge notices) the precbe residence / address of Granme is: Exeter 68 Green Mountain ] L.P. C/o Exeter Property Group. L.P. 2260 Butler Pike, Suite 200 Plymouth Meeting, Pennsylvania 19462 fibat de gNis neadezese feftdeofHoa oftae R:cardar'ef Desch in and far Cuuosr orget?ylkill :u?ICoaomaawsahhot i'?nsylvagia A. Manb -w Dodnb VA Rem del Of Deeds Exeter 68 Green Mountain L L.P. (Buyer) By: Name: Title: 05/20/2010 13:42 5706281261 SCH CO PROTHD NOTARY PAGE 05 BK237QPG 1 286 STATE OF I1.1 LAOIS ) COUNTY OF COOK ) SS. Acknowledgment ale Steee of C r.?_4 a ntrtary ?public in and for raid County, is I DO rP°f?Y brown to me to be both s duly xo& rued tm tbw of the Board of Direotlats of PH Investors, L.L.C., ¦ Dehtware fimited liability cattPatty, sad a dally sutborimd eepmsaMtw of HDP Asset Co. Tsro, L.L.C., a Dolav me IbWted Iiability company, both of which Iimiled liability eomtpanies are the only searobas of Humboldt 6E [And, L.L.C., a DWawa+a IhWbd lisbithy 0084XsuY and duly quaUtied to trnnsact boshmm in the Conunot WMkh of Peansylveois, and PaIORANY brown to me to be the cone person whose twee is subscribed to the liofMog m0 mauk appeared bdbm sae this day m person aid Gold W)Wiped * as such daily an&mfnd member of the Bored of Dkwtm and such duly andwruo4 mpsesw t gvc of the aid only mesibm of % mboft 68 Lard, L.L.C.. be ri®eed said delhwW the said imstrnment, as bier fee and vohmbW sot, and as the free and voluntary act and deed of said Ilumboldt 66 Land, L.LC, for the um and Purposes dwain set lerth. O1VEN under my bard sad official earl this 27-t* of i r 2010. nw` t CF MMI TTowl PoMic/l JglM IA,mm Ptimod turom Resident oaf 1A)tn Coramissloa 65cp1nes: Oerd??eF ?rltMnm 1 bweby ow ft (1) POR THE PURPOSE OF DMWnY OF TAX STATHMFATy and (2) rOR ALL OTHBR PURPOSES (inuNdiog dellva 7 ofassamwnt omb p nobams) IM preaye reWdewoa / address of Guntm ia: Exeter 6B Gram Mountain 1, L.P. do Meter Ptopaty Choup, L.P. 2260 Butler PBar, Subs 200 Plymouth Meeting, Pennayfvenia 14462 Exda 68 Careen Mcws4tin I, L.P. (Buyer) 1,14 4'? 05/20/2010 13:42 5706281261 SCH CO PROTHONOTARY PAGE 06 8K2370PG 1 289 Exhibit A to sR29ial M%gm a: Deed ,e al DescriQt. 1, . anPARCEL A ALL THAT CERTAIN parcel of land as shown on Joseph T. Bristosky, PE, PLS drawing number (01-16- 116? (REVISED 04-01-04), entitled 'Lot 69 Hmnboidt Industrial Park Wert'', aituate in a park known as Humboldt Industrial Park Wass, Township of Fast Union, county of Schuylkill, Commonwealth of Pennsylvania, bounded and deserbbod as follows, to wit; BEGINNING at a point on the northerly line of an eighty (80.00) foot wide right of way known as Green Mountain Road, said point being furdrer described as being the soudwast corner of Lot No. 65; THENCE along the easterly line of said lot North seven degrees thirty-four minutes twenty-one seconds West (N 07°34'21" W) for a distance of one thousand four hundred one and eighty-six hundredths (1,401.86) float to a point being the northeast corner of said lot, sold point being further described as being on a southerly line of lands now or formerly of Can-Do, Inc.; THENCE along a southerly line of said lands North eighty-one degrees thirty-nine minutes one second East (N 81°39'01" E) for a distance of seven hundred fifty and eighteen hundredths (750.18) feet to a point; THENCE continuing along a southerly line of said lands on a curve to the left having it radius of one thousand twenty-five (1,025.00) feet, an we length of forty and twenty hundredths (40.20) feet, to a point being the northwest corner of Lot No, 69; THENCE along the westerly line of said lot South seven degrees thirty-four minutes twenty-one seconds East(S 07°34'21" E) for a distance of one thousand three hundred twelve and forty-four hundredths (1,312.44) feet to a point being the northeast corner of Lot No. 69-A; THENCE along the northerly line of said lot South eighty-two degrees twenty-one minutes thirty-six seconds West (S 82'21'36" W) for a distance of one hundred (100.00) feet to a point being the northwest corner of said lot; THENCE aloq the westerly line of said lot South seven degrees thirty-four minutes twenty-am seconds East (S 07°34'21" E) for a distance of one hundred (100.00) feet to a point being the southwest comer of said lot, said point being further doscribed as being on the northerly line of the aforementioned right of way known as Green Mountain Road; THENCE along the northerly line of said right of way South eighty-two dogma twenty-one minutes thirty-six seconds Wass (S 92°27'36" W) for a distance of six hundred ninety and twenty-nine hundredths (690.29! feet to a point and the PLACE OF BEGINNING. CONTAINING 1,101,754 SQ. FT. OR 25.293 ACRES 05/20/2010 13:42 5706281261 SCH CO PROTHONOTARY PAGE 07 BK2370PG 1 290 EXCEPTING .AND RESERVING a twenty-five (25.00) foot wide utility easement known as Litility Aasemm "A" described as follows to wit: REGINNWG at a point being the northwesterly corner of Lot 68 and the northeasterly comer of Lot 65 and being on the southerly line of lands now or formerly of Can-Do, inc. THENCE along the southerly line of said Can-Do, Inc. land North eighty-one degrees thirty-nine minutes one seconds East (N 811139101" E) for a distance of thirty (39.00) feet to a point; THENCE through said Lot 68 South seven degrees-thirty-four minuses twenty-one seconds Fast (S 07°34.21" E) for at distance of one thousand four hundred two and twenty-four hundredths (1,402.24) feet to a point of the northerly line of an eighty (80.00) foot wide right of way known as Creen Mountain Drive; THENCE along the northerly line of said right of way South eighty4wo degrees twenty-live minutes thirty-six seconds West (S 82°25'36" Art for ¦ distance of thirty (30.00) feet to a point being the southwesterly corner of Los 68 and the southeasterly comer of Lot 65; THENCE along the easterly line of said Lot 65 North seven degrees thirty-four minutes twenty-one seconds West (N 07°34'21" W) for a distance of one thousand four hundred one and eighty-Six hundredths (1,401.86) fat to a point and the PLACE OF BEGINNING. CONTArNING 42,062 SQ. FT. OR 0.%6 ACRES ALSO EXCEPTING AND RESERVING a twenty-flue (25.00) foot wide utility easement known as Utility Easement '13", described as follows to wit: BEGINNING at a point being the northwesterly comer of Lot 68 and the northeasterly oorti& of Lot 65 and bai.S on the southerly line of lands sow or formerly of Cm-Do, Inc.; THENCE along the southerly line of said Can-Do, Inc, lands North eighty-one degrees thirty-oine minutes one second East (N 81'39'01" E) for a distance of seven hundred fifty and eighteen hundredths (750-18) feet to a point; THENCE continuing along a southerly line of sold lands on a curve to the left having a radius of one thousand twenty-five (1,025.00) feet, an arc length of forty and twenty hundredths (4010) feet to a point being the northwest corner of Lot No. 69; THENCE along the westerly line of said lot South Seven degrees thirty-four minutes twenty-one seconds East (S 07°34'21" E) for a distance of twenty-free and three hundredths (25.03) feet to a point; THENCE through Lot 68 on a curve to the right, having a radius of one thousand fifty (1,050.00) feet, an arc length of thirty-nine and eighty-six hundredths (39.86) Poet to a point; THENCE continuing through said lot South eighty-me degrees thirty-nine minutes one seconds West (S 81°39'01" W) for a distance of seven hundred fifty end fifty-two hundredths (750.52) feet to a point on the westerly tine of said lot and the easterly line of Lot 65; 05/20/2010 13:42 5706281261 SCH CO PROTHONOTARY PAGE 08 1'MalfltilT7aaaaa??nww BX2370P6 1291 '1CE along the &Mly one ne 9c seconds West lime of said Lot 65 North seven degrees thirty.fbu, minutes twenty- PLACE OF BEC)(NINNINC3 07*G. 21" W) for a distance of twenty-five (25.00) feet to a point and the CONfAIMNG 19,760 SQ. FT. OR 0.454 ACRES. BEING the same premises which Greater HAZICIon Community Area New Development Organization, Inc, Wa Can Do, Inc., s non-profit industrial development corporation by Deed dared 6/312OW and recorded 6/9/2004 ho the Office of the Recorder of Dads in and for the County of Schuylkill in Record book 2100 page 2197, granted and conveyed unto Humboldt 68 Land, LLC., a Delaware limited liabtltty company, in fee. PARCEL E TOGETHER WITH the benefits comined in the Aocess Easement Agreement from Can Do. Inc, to Humboldt 68 Land, LLC. dated May 8, 2006 and recorded June 2, 2006 in Book 2205 page 2527, Tex Parcel No. 9-2-4- (19) 05/20/2010 13:42 5706281261 SCH CO PROTHONOTARY PAGE 09 BK2370PG 1291 A at B to S"Cial Warramro Penal od Encumbrm cs I • Real Estate Taxes due or payable on or after the Closing Date, 2. That certain Lease Agreement, dated September 16, 2009, by and between Humboldt 68 Lend,.L.I,..C., as landkxd. and Graham Packaging Company, L.P., as tenant. 3. Easement Agree=M. es set forth in Book 2166, Page 242. 4• Restrictive Covenant made by Greater Haulton Community-Arta New Development Orpni=ion, Inc., as set forth in Book 618, Page 26. 5. Coal and roincrais beneath the surface and the right to mine and remove same as may be found in prior deeds forming the chain of title. 6. A-Ass Easement AVwment made by Greater Hazelton Community-Area New Development CNWization, Inc., as set forth in Book 2205, Page 2527. 7. Right-of-Way Agreement to PPL Electric Utilities as set forth in Book 2278, Page 1100. 8. Conditions and otber matters as shown on map recorded in Map Book 50, Page 26. 9. Matters shown on that certain survey, last revised on January 8, 2009, prepared Clough Harbour & Associates, LLP. 1 Landmark Commercial Realty, Inc. 20 Erford Road Suite 216 Lemoyne. PA 17043 Bill To Humboldt 68 Land LLC Go Pritzker Realty Group LP 71 S Wacker Drive Suite 4700 Chicago, IL 60606 Attn: John Kevin Poorman, Esquire Project Property Address 68 Green Mountain Road Hazelton, PA Lessor/Seller Humboldt 68 Land LLC Lessee/Buyer Exeter 68 Green Mountain LLP SQFT 400,260 Consideration $0.00 Lease Term Invoice Date Terms Number 6/2/2010 Upon Receipt 7151 Primary Agent Grace, Jason Lc,Jis J. Capozzi, Jr., Esquire* Daniel K. Natirbofft Esquire Donald R. Reavey, Esquire Craig I. Adler Esquire Bruce G. Baron, Esquire Andrew R. Eisemann, Esquire Michael M. Jerominski, Esquire Dawn L. Richards. Esquire Timothy Ziegler. Reimb. Analyst Karen L. Fisher, Paralegal Jennifer Kain, Paralegal Keyoung J. Gill, Paralegal • Qicmed in PA. NJ and MD) CERIFIED MAIL/RETURN RECEIPT REQUESTED Humboldt 68 Land LLC Attn: John Kevin Poorman c/o Pritzker Realty Group LP 71 S. Wacker Drive Suite 4700 Chicago, IL 60606 Re: 68 Green Mountain Road Hazelton, PA Dear Mr. Poorman: 2933 North Front Sheet Harrisburg, PA 17110 Telephone: (717) 233-4101 Fax: (717) 233-4103 www.capozziassociates.com Mid-Penn Abstract Company Charter Settlement Company Telephone: (717) 234-3289 Fax: (717) 234-1670 I represent Landmark Commercial Realty Inc. in connection with its Brokerage Agreement with you for the above-referenced property. A copy of that agreement is attached for your ease of reference. It has come to our attention that closing was completed on or about April 27, 2010 for the sale of the above-described premises to Exeter 68 Green Mountain I, L.P., an affiliate of Exeter Property Group, L.P. A copy of the deed of conveyance is also enclosed for your convenience. In that closing has been completed, all conditions precedent to the requirement for payment to Landmark of its brokerage fee per the Agreement have been satisfied. I therefore enclose a bill in the amount of $192,862.50. Please remit payment at your earliest convenience. If you have any questions, please do not hesitate to call. Respectfully, Capozzi & Associates, P.C. By: Craig I. Adler, Esquire E EXHIBIT June 16, 2010