Hot Light Brands, L.L.C. v. Harris Realty, Inc.

Plaintiff, Hot Light Brands, L.L.C., 1 appeals from the order of the trial court entering declaratory judgment in favor of defendants Harris Realty, Inc., Harris Seven Bridges, Inc., Forest City Enterprises, Inc., Seven Bridges Development, L.L.C., and LaSalle Bank National Association, as trustee under trust No. 65033. 2 We reverse.

On March 28, 2000, Hot Light and defendants entered into an agreement to purchase real property (agreement), in contemplation of Hot Light’s purchase of an outlot in the Seven Bridges Development in Woodridge, Illinois. In July 2000, Hot Light paid defendants…