8g. Presentation
Lease with Arctic Storm Management Group LLC (ASMG) at P
Item No. 8g supp Date of Meeting May 10, 2022 New 5-Year Lease with Arctic Storm Management Group LLC at Pier 69 ASMG Location Map 2 ASMG Premises Pier 69 Floor 1 3 ASMG Lease Key Terms Occupancy Status Renewal Premises square feet 19,660 Warehouse 10,230 Office 9,430 Commencement date June 1, 2022 Initial Term 60 months # of Extension Options 1 Option period 60 months Base Rent - 1st Year Blended ($/sf/yr) $14.45 Annual Rent Escalation 3.0% Abatement None Port Funded Expenses $216,894 Tenant Improvements $141,450 Tenant Broker Fees $75,444 Security Deposit $75,004 RE-2 Calculation $79,957 Security Shortfall ($4,953) 4
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