Annual base rent
$15,826,812
$23.86/SF · 663,343 SF
Term
Jan 1, 2017 — Jan 1, 2032
64% elapsed · 5.5 yrs remaining
Tenant
Metro Offshore Wind Services
Base instrument with no amendments — current terms reflect the original.
Original Maritime permit
Jan 1, 2017
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Metro Offshore Wind Services
Premises area
663,343 SF
Commencement
Jan 1, 2017
Term end
Jan 1, 2032
Base rent (per SF)
$23.86/SF
Base rent (annual)
$15,826,812
Escalation type
Fixed step
Escalation rate
2.3%
Renewal term (years)
10
Renewal notice date
Jan 1, 2031
GL per occurrence
$2,000,000
GL aggregate
$4,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant