Elda Corporation, et al. v. Holliday, LLC

── Elda Corporation, et al. v. Holliday, LLC ── Case No.: 20A-PL-02316 Court: Indiana Court of Appeals Date: May 17, 2021 Author: Judge Robert Altice County of Origin: Madison Category: Civil Decision: Affirmed Judge Kirsch and Judge Weissmann concur Elda became the record owner of approximately thirty acres of real property (the Land) in Madison County in 1955. In 1963, Elda granted a ground lease to Simon Property Group (Simon) that included buildings and paved parking areas (the Improvements Parcel). The monthly rent under the ground lease was $70,236.80, and Simon operated Mounds Mall on the property. Thereafter, in 1993, Simon transferred its interest in the ground lease and the Improvements Parcel to Bayview Malls, LLC (Bayview).