Annual base rent
$25,058,578
$19.90/SF · 1.3M SF
Term
Jun 1, 2022 — Jun 1, 2052
14% elapsed · 25.9 yrs remaining
Tenant
Meridian Financial Partners
Base instrument with no amendments — current terms reflect the original.
Original Ground lease
Jun 1, 2022
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Meridian Financial Partners
Premises area
1.3M SF
Commencement
Jun 1, 2022
Term end
Jun 1, 2052
Base rent (per SF)
$19.90/SF
Base rent (annual)
$25,058,578
Escalation type
Fair-market reset
Renewal term (years)
10
Renewal notice date
Dec 1, 2050
GL per occurrence
$5,000,000
GL aggregate
$10,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant