Michael Anthony Company, Michael Paolercio, Anthony Paolercio and Hugo Liberti v. Palm Springs Townhomes

Appellants appeal a final judgment in favor of appellee on claims for breach of contract and indemnity, arising from a commercial leaseback of real property that was also the subject of a purchase and sale agreement between the parties. Because we find the trial court erred in its interpretation of the leaseback, we reverse and remand.

On September 30, 2005, Michael Anthony Company 1 entered into a Purchase and Sale Agreement (“PSA”) with Coscan Palm Springs, LLC, successor to Palm Springs Townhomes, LLC (“Palm Springs”), buyer/appellee, for the sale and purchase of 14.6 acres of land in West…