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Tesla Lease Commission Dispute: Brokers Sue Triangle Equities for $6 Million

Compass Brokers Dispute Commission Payment from Triangle Equities Over Tesla Lease Deal.

C
ompass commercial brokers Brett Weinblatt and Ralph Hanan are locked in a dispute with Triangle Equities over commissions on a massive Tesla lease. The brokers claim they introduced Tesla to the landlord and facilitated negotiations, submitting a letter of intent that required Triangle to pay all broker commissions. Despite "dozens of changes" to the document over an eight-month period, Triangle allegedly refused to pay them after objecting to the fee structure just before finalizing the lease in May.

    Weinblatt and Hanan are seeking almost $6 million in compensation for their work on the 150,000-square-foot lease at 30-02 Whitestone Expressway. They have placed a mechanic's lien on the property and filed a lawsuit against Triangle Equities. The brokers claim they were "extremely disappointed" by Triangle's attempt to cheat them out of their commission.

    The site, formerly home to Toys-R-Us, Party City, and a movie theater, is being redeveloped for Tesla sales, service, and delivery. The automaker plans to use the space for its first facility in Queens, with over 700 parking spaces included in the planned development.

Tesla lease brokers sue Triangle Equities in $6 million commission dispute.