IH RIVERDALE, LLC v. McChesney Capital Partners, LLC

Adams, Judge.

Through their respective limited liability companies, George McChesney and Geoff Nolan agreed to develop an apartment complex in Clayton County to be known as the Meadow View Apartments (“Phase I”). One provision of the parties’ agreement gave Nolan a right of first refusal to participate in the development of an additional apartment complex to be known as Meadow Springs Apartments (“Phase II”). The primary question in this case is whether that right was properly offered and accepted.

A third party, Schejola Partners, LP, ultimately invested in Phase II instead of Nolan’s company…