Boca Raton iCryo Tenant Sued by Property Owner in $325K Lease Dispute, Eviction Sought

by | Jan 17, 2026 · 9:40 am | Lawsuits, Boca Raton Archive | 0 comments

Boca Raton iCryo Tenant Sued by Property Owner in $325K Lease Dispute, Eviction Sought

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A commercial landlord has filed a civil complaint in Palm Beach County Circuit Court seeking to remove a tenant from a Boca Raton retail space and recover damages it alleges are owed under a lease and related guaranty.

The case, Saul Holdings Limited Partnership v. Cryo Group Boca Inc., t/a iCryo, and Aric Lemon, was filed Jan. 16, 2026, in the Circuit Court of the 15th Judicial Circuit in and for Palm Beach County, Florida, under Case No. 502026CA000560XXXAMB. Saul Holdings is represented by Shapiro, Blasi, Wasserman & Hermann, P.A. of Boca Raton. No defense law firm is listed in the complaint.

In its filing, Saul Holdings alleges it owns the property at 7531 N. Federal Highway, Suite E-2, Boca Raton, and that Cryo Group Boca Inc. has been in possession of the space.

According to the complaint, Saul Holdings and Cryo Group Boca entered into a written retail lease on or about Oct. 25, 2021, for the Boca Raton premises. The complaint alleges the lease term was set to commence April 16, 2023, and terminate July 31, 2028. The complaint also states the property address was inadvertently identified in the lease as 7401 N. Federal Highway, Suite 28, while the lawsuit identifies the premises as 7531 N. Federal Highway, Suite E-2.

The complaint alleges the lease required the tenant to pay minimum monthly rent, along with other charges described as additional rent, including sales tax and the tenant’s proportionate share of operating costs and real estate taxes. It also alleges the lease provides for interest and a late charge if rent is not paid when due.

The complaint further alleges the parties executed a First Amendment to Lease Agreement on or about July 25, 2022, which modified the rent commencement timing. It also alleges Lemon executed a personal guaranty tied to the lease.

In Count I, Saul Holdings alleges Cryo Group Boca breached the lease and first amendment by failing to fully pay rental obligations and other charges, including base rent, sales tax, real estate taxes, late charges, and operating expenses. The complaint alleges amounts due for the period Aug. 1, 2025, through Jan. 1, 2026, totaling $48,615.75, and claims additional rent and charges due from Feb. 1, 2026, through the end of the lease term, totaling $310,409.97. The complaint alleges a total obligation of $359,025.72, discounted to present value and reduced by a security deposit, resulting in an amount due of $325,843.12. Saul Holdings seeks damages in that amount, along with other relief including attorney’s fees and costs as alleged under the lease and Florida law.

In Count II, Saul Holdings seeks tenant eviction, alleging it served a five-day written notice of breach and that Cryo Group Boca failed to cure the alleged breach or vacate. Saul Holdings seeks possession of the property, along with fees and costs.

In Count III, Saul Holdings alleges Lemon breached the guaranty by failing to cure the tenant’s alleged lease breach and failing to pay the claimed amount due. Saul Holdings seeks damages of $325,843.12, plus attorney’s fees, costs, and other relief.

The original complaint, Saul Holdings Limited Partnership v. Cryo Group Boca Inc., t/a iCryo, and Aric Lemon, Case No. 502026CA000560XXXAMB, as filed Jan. 16, 2026, with the Palm Beach County Clerk of Court, can be viewed here.

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