Annual base rent
$4,307,630
$2.93/SF · 1.5M SF
Term
Jul 1, 2021 — Jul 1, 2041
25% elapsed · 15.0 yrs remaining
Tenant
Teleport Data Partners
Base instrument with no amendments — current terms reflect the original.
Original Commercial lease
Jul 1, 2021
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Teleport Data Partners
Premises area
1.5M SF
Commencement
Jul 1, 2021
Term end
Jul 1, 2041
Base rent (per SF)
$2.93/SF
Base rent (annual)
$4,307,630
Escalation type
CPI
Escalation rate
2.1%
Renewal term (years)
10
Renewal notice date
Jan 1, 2041
GL per occurrence
$2,000,000
GL aggregate
$4,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant