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Lease abstract for OEM at 7 WTC, February 1998

Machine-extracted title · confidence 95%

Abstract detailing lease terms for the Mayor's Office of Emergency Management at 7 World Trade Center.

NYC-WTC_000167621–000167622

Folder label: “Abstract of Recommended Property Lease Abstract

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NYC 9/11 Public Portal Document

CK / uxssgf’ Abstract of Recommended Property r.ea.se Abstract

ANTS NO.: 96-1346 DATE: February 20, 1998 NEGOTIATOR: Jeff Kondrat (CB Commercial) LEASE-IN NO.: 2841 ATTORNEY: Jason Cutler

AGENCY: Mayor’s Office of Emergency Management Program Need: Provide the on-scene coordination at all emergency incidents that require a multi-agency response. Coordinate all plaiming efforts for threats to New York City, natural, technological or man made. # of Employees: 45

PROPOSED LOCATION: 7 World Trade Center Block & Lot: 84/36 Borough: Manhattan Floor: 23 & Pt 7 Neighborhood Downtown

TERM: Commencement upon execution to 1/31/2018.

Termination of Lease: City has the right to cancel after ten (10) years upon mneteen (18) months’ notice.

Penalty. If tenant terminates lease, tenant shall pay the landlord the unamortized portion of and brokerage commission.

SPACE: 50,065 rentable square feet of space on the entire 23"' floor & part of 7“’ floor. Rentable, Usable, and Carpetable not yet calculated. Landlord has agreed to use the City’s rentable but the aggregate rental will not change.

BASE RENT PROPOSED: Negotiated Asking Gross Per Annum PSF Per Annum

1/1/1999-12/31/2003 $1,401,820.00 $28.00 Years 1 - 5 $33.OO/RSF 1/1/2004-12/31/2008 $1,752,275.00 $35.00 Years 6 -10 $35.00/RSF 1/1/2009-12/31/2013 $1,852,405.00 $37.00 Years 11-15 $38.00/RSF 1/1/2014- 1/31/2018 $2,102,730.00 $42.00 Years 16 - 20 $41.00/RSF

TOTAL FIRST YEAR ESTIMATED COST/SF

Base Rent: $28.00 Real Estate Taxes 0.00 Heating Fuel 0.00 Operating: 0.00 SUBTOTAL $28.00 Electricity: 1.50 • udtMr TOTAL $29.50

Alterations and Improvements: Total RST, Total not to exceed amount: $14.287.986.00 $285.39 Landlord contribution: $ 1.661.843.00 $ 33.19 Tenant reimbursement: $12.626.143.00 $252.20 Method of tenant reimbursement: Lump Sum»in progre'ss^avments / /i / \

Landlord will also contribute architectural and consulting fees which are valued at $591,082 ($11.81 psf) Landlord’s total contribution valued at $45.00 psf. -Ti »e>

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NYC-WTC_000167621

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NYC-WTC_000167621Source: NYC Law Department, mirrored locally

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