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Warehouse Owner Sues BroadRange Over $11M Fraud | Real Estate News
A Pennsylvania warehouse owner is suing BroadRange Logistics for allegedly swindling them out of $11 million meant for building upgrades—after the company stopped paying rent just months into a 20-year lease. KSG, which secured a $32 million loan for the improvements, claims BroadRange never intended to make the upgrades and diverted nearly $2 million to a third party as an unauthorized commission. This isn’t an isolated case—similar lawsuits are emerging in Colorado and Texas, painting a pattern of BroadRange securing leases and tenant funds, then defaulting on rent. BroadRange denies all…
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