Times Square Holdings

Published

Ground lease42nd Street Development ProjectDemo

LSE-2023-00015Times Square Holdings — 7 Times Square

Annual base rent

$19,270,521

$17.85/SF · 1.1M SF

Term

Sep 1, 2023 — Sep 1, 2053

10% elapsed · 27.1 yrs remaining

Linked assets (contract ↔ asset)

7 Times Square

42nd Street Development Project

Tenant

Times Square Holdings

Contract family

Base instrument with no amendments — current terms reflect the original.

Original Ground lease

Sep 1, 2023

Base instrument — the executed lease/agreement.

Key terms composed from 15 extracted fields · 15 verified/corrected.DemoClick any provenance chip to jump to the source clause.

Parties

Landlord

New York City Economic Development Corporation

High · 99%Verified

Tenant

Times Square Holdings

High · 98%Verified

Term & premises

Premises area

1.1M SF

High · 93%Verified

Commencement

Sep 1, 2023

High · 96%Verified

Term end

Sep 1, 2053

High · 97%Verified

Rent & escalation

Base rent (per SF)

$17.85/SF

High · 97%Verified

Base rent (annual)

$19,270,521

High · 95%Verified

Escalation type

Fair-market reset

Medium · 87%Verified

Renewal

Renewal term (years)

High · 90%Verified

Renewal notice date

Mar 1, 2053

Medium · 88%Verified

Insurance

GL per occurrence

$5,000,000

High · 90%Verified

GL aggregate

$10,000,000

Medium · 88%Verified

Additional insured

Required

High · 92%Verified

Maintenance & responsibility

Roof & structure

Landlord

Medium · 86%Verified

HVAC filters

Tenant

Medium · 83%Verified