Annual base rent
$12,701,236
$38.42/SF · 330,559 SF
Term
Oct 1, 2020 — Oct 1, 2030
58% elapsed · 4.2 yrs remaining
Tenant
Global Marine Terminals
Base instrument with no amendments — current terms reflect the original.
Original Maritime permit
Oct 1, 2020
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Global Marine Terminals
Premises area
330,559 SF
Commencement
Oct 1, 2020
Term end
Oct 1, 2030
Base rent (per SF)
$38.42/SF
Base rent (annual)
$12,701,236
Escalation type
Fixed step
Escalation rate
2.7%
Renewal term (years)
10
Renewal notice date
Oct 1, 2029
GL per occurrence
$2,000,000
GL aggregate
$4,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant