Annual base rent
$12,002,772
$20.00/SF · 600,000 SF
Term
Dec 1, 2020 — Dec 1, 2069
11% elapsed · 43.4 yrs remaining
Tenant
New York Container Terminal
Base instrument with no amendments — current terms reflect the original.
Original Ground lease
Dec 1, 2020
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
New York Container Terminal
Premises area
600,000 SF
Commencement
Dec 1, 2020
Term end
Dec 1, 2069
Base rent (per SF)
$20.00/SF
Base rent (annual)
$12,002,772
Escalation type
Fair-market reset
Renewal term (years)
25
Renewal notice date
Jun 1, 2069
GL per occurrence
$5,000,000
GL aggregate
$10,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant