Lake States Engineering Corp. v. One Naperville Corp.

This action was brought by Lake States Engineering Corporation (Lake States) on the basis of a construction contract with One Naperville Corporation (ONC). Colonial, Inc. (Colonial), a joint-venture partner of ONC, sought to intervene to protect its interest. Leave to intervene was denied. Colonial appeals from the denial.

Colonial and ONC entered into a joint-venture partnership agreement to purchase and develop real estate (hereinafter referred to as the property). The joint venture’s primary purposes included: (1) acquiring the property; (2) financing and constructing an office building on…