Youngstown Industrial & Development Corporation v. Hillcrest Shopping Center

Opinion by

Mr. Justice Eagen,

On June 18, 1959, the plaintiff, Youngstown Industrial and Development Corporation, Inc. (Youugstown), entered into a written agreement with the defendant, Hillcrest Shopping Center, Inc. (Hillcrest), providing for the construction, leasing and financing of a certain shopping center in Westmoreland County, *612Pennsylvania. The agreement provided that any controversy. or question, arising between the parties in reference thereto should be settled by arbitration. As part of the transaction, the shareholders of Hillcrest pledged all of the then issued and outstanding…