Keller Compromise

Call it signed, sealed and delivered.

The lawsuit against Keller Williams Realty by a Texas landlord riled that the real estate firm had moved to new digs without paying out its old lease went away earlier this year, when the litigants agreed to what the legal beagles call a “compromise settlement.”

In short, Keller Williams and the landlord, CSMC 2007-C3 Joyce Boulevard LLC of Irving, Texas, agreed on an undisclosed amount of cash that Keller Williams would pay to make the suit go away.

And, according to Misti Carter, CEO of the Keller Williams market in Northwest Arkansas, the payment was made in full in December. The suit was dismissed in January by circuit judge Cristi Beaumont.

The suit was the product of a perfect storm: Keller Williams merged with Market Pro Realty and moved to the Market Pro location at 1845 Main Drive the same month that CSMC bought the old Keller Williams location at 2418 E. Joyce Blvd.

The landlord had demanded $221,000 in back rent and lease obligations dating out to Nov. 30, 2014, but Whispers is sure the compromise amount was much less than that.

Still, the next time Keller Williams moves from one office building to another, it might want to do so without getting sued.