A baseball academy and its landlord have settled a lease dispute.
Richmond Baseball Academy South will continue to sublease warehouse space on Oak Lane Boulevard in Chesterfield until it finds a new location.
Late last week, the two parties resolved a lawsuit filed by Richmond Baseball Academy that aimed to prevent it from being evicted by SportsQuest, which became its landlord after taking over operations of another sports business. (You can read the full story here.)
SportsQuest told Richmond Baseball Academy in two letters that it had to vacate the property and that if it didn’t, rent would go up dramatically.
“We’re looking to move anyway, but we just didn’t want to move right now,” said Rich Graham, a director at Richmond Baseball Academy.
Graham said the business is looking at different options and has talked to land developers.
Brad Marrs, a lawyer with Meyer, Goergen & Marrs who represents Richmond Baseball Academy, said that it was important to settle the disagreement before the winter months, when the business relies on winter camps.
“With indoor facilities, this season is critical to the business model, and it was worked out. Everyone is happy.”
Once Richmond Baseball Academy finds a new facility, SportsQuest will use their space for an expanded baseball facility and for martial arts programming, said Steve Burton, the founder of SportsQuest.
Aaron Kremer is the BizSense editor. Please send news tips to [email protected].
A baseball academy and its landlord have settled a lease dispute.
Richmond Baseball Academy South will continue to sublease warehouse space on Oak Lane Boulevard in Chesterfield until it finds a new location.
Late last week, the two parties resolved a lawsuit filed by Richmond Baseball Academy that aimed to prevent it from being evicted by SportsQuest, which became its landlord after taking over operations of another sports business. (You can read the full story here.)
SportsQuest told Richmond Baseball Academy in two letters that it had to vacate the property and that if it didn’t, rent would go up dramatically.
“We’re looking to move anyway, but we just didn’t want to move right now,” said Rich Graham, a director at Richmond Baseball Academy.
Graham said the business is looking at different options and has talked to land developers.
Brad Marrs, a lawyer with Meyer, Goergen & Marrs who represents Richmond Baseball Academy, said that it was important to settle the disagreement before the winter months, when the business relies on winter camps.
“With indoor facilities, this season is critical to the business model, and it was worked out. Everyone is happy.”
Once Richmond Baseball Academy finds a new facility, SportsQuest will use their space for an expanded baseball facility and for martial arts programming, said Steve Burton, the founder of SportsQuest.
Aaron Kremer is the BizSense editor. Please send news tips to [email protected].