Annual base rent
$31,904,921
$19.42/SF · 1.6M SF
Term
May 1, 2019 — May 1, 2039
36% elapsed · 12.8 yrs remaining
Tenant
Solstice Media Group
Base instrument with no amendments — current terms reflect the original.
Original Ground lease
May 1, 2019
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Solstice Media Group
Premises area
1.6M SF
Commencement
May 1, 2019
Term end
May 1, 2039
Base rent (per SF)
$19.42/SF
Base rent (annual)
$31,904,921
Escalation type
Fair-market reset
Renewal term (years)
25
Renewal notice date
May 1, 2038
GL per occurrence
$5,000,000
GL aggregate
$10,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant