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Just last week, we learned that real estate investment company Somera Road filed a lawsuit in the Davidson County Chancery Court in Nashville, alleging that Gibson Brands had reneged on a deal to sell them a property known as the Valley Arts building. Now, in a report from the Nashville Post, we’ve learned that another party has sued Gibson over the same property.
And They Said It Wouldn’t Last; Hearing Set for This FridaySomera Road, Inc., a real estate investment firm that has recently purchased several properties from Gibson Brands, Inc., has filed a lawsuit against the company seeking to enforce a purchase agreement that they say Gibson has violated. The lawsuit was filed in Nashville, Tennessee in the Davidson County Chancery Court, according to a report by the Nashville Post.
From our boy-that-was-fast department, Gibson Brands announced it has booked a deal to sell its Memphis factory/showroom. This facility, which is located in the heart of Memphis’ downtown right near the main entertainment district, had just been put on the market as we told you in our post of November 2nd.
