BroadRange Logistics sued for tenant improvement fraud scheme
The owner of a Pennsylvania warehouse sued BroadRange Logistics, alleging the firm engaged in a scheme to defraud the property owner out of millions of dollars in tenant improvement funds. KSG, the owner of a 600,000-square-foot warehouse in Mount Pocono, Pennsylvania, alleges it entered into a 20-year lease with BroadRange Logistics and agreed to provide $11 million in tenant improvement allowance. But the property owner, an entity led by Brooklyn-based Leah Weiss, alleges BroadRange never intended to make improvements and stopped paying rent. The owner filed a lawsuit in New York state court in May seeking to collect on the […]
This article originally appeared on The Real Deal. Click here to read the full story.
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