Both sides are claiming victory in a multimillion-dollar fight between a landlord and Miami developer, who paid rent for years on a Wynwood property he was unable to occupy.
Tenant Slims Universal Holding Co. LLC pushed to exercise a purchase option in the lease and eventually acquired the building for $1.75 million. The acquisition was a coup, according to its attorneys, who said the lease included a substantially higher $2.176 million purchase price for the well-located commercial property in one of the city’s most trendy neighborhoods.
