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Gold's building

The Gold's store building has been rehabilitated for retail and office space.

A Lincoln commercial real estate firm is suing the owner of two downtown buildings for more than $300,000 in unpaid real estate commissions.

NAI FMA Realty said in the lawsuit flied last week in Lancaster County District Court that it is owed more than $325,000 in commissions for five leases it procured in the two buildings over a two-year period.

According to the suit, SN Properties Funding IV-Atrium and SN Properties Funding V-Golds signed a one-year listing agreement with NAI FMA on March 13, 2016, and then later signed an addendum extending the agreement for an additional year.

NAI FMA says in the lawsuit that the agreement called for the firm to receive a 6 percent commission on any lease it procured in the buildings that was for at least 12 months.

While the agreement was in effect, five entities signed leases that were for at least a year, three in the Atrium and two in the Gold's Building. According to the suit, NAI FMA is owed more than $315,000 in commissions for the Atrium leases and more than $10,000 for the Gold's leases.

The lawsuit also seeks to allow NAI FMA to foreclose on two broker's liens it filed on the Atrium due to the unpaid commissions.

NAI FMA officials declined to comment on the lawsuit.

SN-Atrium and SN-Golds are subsidiaries of Security National Properties Holding Company LLC.

Representatives from that company could not be reached for comment.

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On Twitter @LincolnBizBuzz.


Business editor/reporter

Matt Olberding is a Lincoln native and University of Nebraska-Lincoln graduate who has been covering business for the Journal Star since 2005.

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