Patrick Dempsey quits Tully’s Coffee

Patrick Dempsey, the TV actor who starred in the Seattle-based television show “Grey’s Anatomy,” and who agreed to buy the Island-owned Tully’s, has now quit the deal due to problems with his business partner.

Patrick Dempsey, the TV actor who starred in the Seattle-based television show “Grey’s Anatomy,” and who agreed to buy the Island-owned Tully’s, has now quit the deal due to problems with his business partner.

The television star is suing his business partner, Michael Avenatti, last week, over the financing of their Global Baristas company, according to the Daily Business Journal.

The pair formed the company to buy Tully’s out of bankruptcy in January. Dempsey filed suit in King County Superior Court, claiming that Avenatti borrowed $2 million against the assets of the new company without telling Dempsey, The Business Journal said.

Just two days later, Dempsey said he is out of the partnership.

In a joint statement issued by Dempsey and Avenatti on Friday, Dempsey said:

“Although Michael and I have dissolved our business relationship, I am happy to have been a part of the effort that brought awareness to the Tully’s brand. I wish the company and Michael all the best. I am happy that we have resolved our differences and have put this behind us, and I know we each wish the other well in our respective future endeavors.”

Avenatti vows to move ahead with keeping Tully’s.

“Great things are on the horizon for Tully’s and Seattle,” he said.

More in Business

OfferUp founder Nick Huzar makes customer safety a core pillar

Bellevue-based CEO wanted a simpler solution to his own problems

Aljoya wins Mercer Island business of the year award

Au Courant, Caruccio’s, FASPS, King Insurance and S.R. Schill & Associates were also nominated.

Eastside tech companies Smartsheet, OfferUp, Apptio face challenging 2019

Here are a handful of companies from the Eastside that will be interesting to watch in 2019.

Microsoft’s Building 92. Wikimedia/Photo by Coolcaesar
Microsoft at top for 2018

Redmond-based tech giant closes year as most valued publicly-traded company.

The concepts from Mainstreet Property Group LLC (top) and Shelter Holding/Weinstein A+U were selected as finalists in an RFQ process for a commuter parking and mixed-use project in Mercer Island’s Town Center. Courtesy photos
Joint proposal announced for Mercer Island’s commuter parking and mixed-use project

The two ‘finalist’ companies will team up, with MainStreet Property Group leading the project.

Inside the lobby at the Google office in Kirkland. Photo courtesy of Runner1928
Google, Facebook to pay more than $400,000 to Washington state in campaign finance cases

Both are in the top 10 largest campaign finance recoveries in Washington state history.

Island Books hits 45-year mark

Store celebrated on Nov. 3 with cake and community.

Inside the lobby at the Google office in Kirkland. Photo courtesy of Runner1928
Kirkland employees protest sexual misconduct in Google walkout

Google’s Kirkland campus took part in the worldwide protest of sexual misconduct within the company.

Mercer Island’s Roanoke Inn receives first ever ‘legacy business’ award from the county

The Island’s oldest business received a 2018 John D. Spellman Award for historic preservation.

Mercer Island galleries debut new art at First Friday

Islanders enjoyed paintings, wine and conversation at the event.

Fall housing market shifts

Residential real estate snapshot for Mercer Island

Former Tully’s locations spring back to life

Following the coffee chain’s collapse earlier this year, other Eastside businesses are moving in.