Business & Tech
Zere Real Estate Wins Settlement in Planet Fitness Lease Deal Dispute
After five-year dispute, Zere wins settlement over lease deal.
Zere Real Estate has won a settlement with AVR Realty over commission for the lease deal after a five-year dispute, according to a report on LIBN.com.
Zere’s senior managing director Paul Caiola said he introduced Planet Fitness to the 11,000-square-foot space ithat AVR Realty was representing. According to a Zere statement, Caiola was cut out of the negotiations. The amount of the settlement was no disclosed.
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“It is outrageous that landlords, developers and their attorneys treat commercial real estate brokers like they do not matter,” Zere President and CEO Marie Zere said in the statement.
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