STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION v. HUNTER’S TRACE PROPERTIES, INC., et al.

MEDIATED SETTLEMENT: 2011

INITIAL OFFER: $866,100

FINAL AWARD: $1,400,000

Represented the owner of a multitenant commercial structure functioning as a neighborhood shopping center.  FDOT strip acquisition impacted parking, and the remainder left the property with ingress, egress, site circulation and overall functioning problems with the parking lot. Negotiated settlement included apportionment for Walgreens tenant.