Annual base rent
$38,396,184
$52.60/SF · 730,000 SF
Term
Jul 1, 2020 — Jul 1, 2050
20% elapsed · 24.0 yrs remaining
Tenant
Empire Wind Operations LLC
Base instrument with no amendments — current terms reflect the original.
Original Ground lease
Jul 1, 2020
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Empire Wind Operations LLC
Premises area
730,000 SF
Commencement
Jul 1, 2020
Term end
Jul 1, 2050
Base rent (per SF)
$52.60/SF
Base rent (annual)
$38,396,184
Escalation type
Fair-market reset
Renewal term (years)
10
Renewal notice date
Jul 1, 2049
GL per occurrence
$5,000,000
GL aggregate
$10,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant