Summary document outlining terms for the Mayor's Office of Emergency Management lease at 7 World Trade Center.
NYC-WTC_000170950–000170954Folder label: “Abstract of Recommended Property®License/Lease Abstract”
OCR status: ok · source: pdftotext
NYC 9/11 Public Portal Document
ARC Package
Abstract of Recommended Property
License/Lease Abstract
ANTS NO.: 96-1346 DATE: July 11, 1997 NEGOTIATOR: JeffKondrat (CB Commercial) LEASE-IN NO.: 2767 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 planning 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 Neighborhood Downtown
TERM: License Term: Open ended. Landlord to contract necessary consultant to begin alterations and improvements of space. Lease is scheduled to be executed by the City on or about October 15,1997. As such there will be no license fee.
Lease Term: 20 years. Commencement upon substantial completion of alterations and improvements of the office and technical areas.
Termination of License: Mutual right to cancel on 30 days notice.
Termination of Lease: City has the right to cancel after ten (10) years upon nineteen (19) months’ notice.
Penalty: If license is terminated by tenant, tenant shall pay the landlord the cost of arcitectural and consultant services. In addition, if tenant terminates lease, tenant shall pay the landlord the unamortized portion of landlord’s contribution towards alt. & imp. and brokerage commission.
SPACE: 45,815 rentable square feet of space on the 23rd floor plus additional space for back-up systems. 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
23^“ FLOOR Gross Per Annum PSF Per Annum
Years 1 - 5 $1,282,820.00 + $28.00 Years 1-5 $33.00/RSF Years 6 - 10 $1,603,525.00 $35.00 Years 6 -10 $35.00/RSF Years 11-15 $1,695,155.00 $37.00 Years 11-15 $38.00/RSF Years 16 - 20 $1,924,230.00 $42.00 Years 16-20 $4L00ZRSF
Free Rent: 12 Months* 12 Months
*Provided final plans are completed on lease execution.
+ NOTE: Approximately 14,400 RSF could be needed to support back up systems. Additional Rent - $403,200 per annum (initially)
H:\SHARE\JK\OEMABS. WPD/p. 1
NYC-WTC_000170950
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NYC-WTC_000167598
Abstract of lease agreement for the Mayor's Office of Emergency Management to occupy space at 7 World Trade Center.
3 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.973
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000170849
Abstract of a lease agreement for the Mayor's Office of Emergency Management to occupy space on the 23rd floor of 7 World Trade Center.
2 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.970
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000171198
Project abstract for a license agreement between the City and 7 World Trade Company LP for Mayor's Office of Emergency Management space.
2 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.969
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000170996
Proposal document prepared for the Mayor's Office of Emergency Management regarding lease and broker agreements.
1 shared non-person entities · Same agency, volume and box · similarity 0.955
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000170882
A leasing proposal submitted by a property firm to the Mayor's Office of Emergency Management for office space at 7 World Trade Center.
1 shared non-person entities · Same agency, volume and box · similarity 0.954
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000167621
Abstract detailing lease terms for the Mayor's Office of Emergency Management at 7 World Trade Center.
3 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.951
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000170792
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2 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.949
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000142053
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Archival folder label from the Office of the Mayor for World Trade Center records, identified as Folder 0122.
2 shared non-person entities · similarity 0.951
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2 shared non-person entities · similarity 0.951
machine-extracted · confidence unavailable · Check page ↗NYC-WTC_000136391
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1 shared non-person entities · similarity 0.950
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