McClung Drug Co. v. City Realty & Investment Co.

Backes, V. C.

This bill is for the specific performance of an option contained in a lease to purchase land. The struggle for the property is due chiefly to its recent increase in value. The City Realty and Investment Company leased to the McClung Drug Company’s assignor the ground floor of No. 198 Smith street, Perth Amboy, to be occupied as a general drug store, for the term of six years from the 1st day of August, 1915, and stipulated:-

“That should the party of the first part decide to place this property on the market for sale, then the said party of the second -part shall he given thirty…