Hermes Associates v. Park's Sportsman

JACKSON, Judge:

Appellant appeals from a judgment awarding appellee principal and prejudgment interest on a “Lease Cancellation Agreement.” We affirm.

FACTS

Hermes Associates (Hermes) operates a shopping center known as The Family Center at Midvalley, located in Salt Lake County, Utah. On May 20, 1982, Park’s Sportsman (Park) leased 13,500 square feet of space at The Family Center. Park operated its retail sporting goods store at The Family Center until April 1987. Hermes and Park agreed to terminate the lease and executed a Lease Cancellation Agreement on April 2, 1987.

The Lease Cancellation…