Allied Stores Corp. v. North West Bank

In this action Allied Stores Corporation seeks a declaratory judgment interpreting a lease and judgment for reimbursement of real estate taxes it paid.

Allied Stores’ predecessor in interest, Pacific Sierra Corporation, constructed a multilevel parking garage across the street from Allied Stores’ “Bon Marche” department store in downtown Seattle. North West Bank negotiated with Pacific Sierra for street level space in the southeast corner of the structure. At the time the lease was signed, the space was entirely unfinished, although the garage portion of the building was substantially…