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Lease for Real Property

 

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Title:

Lease for Real Property

Entities:

BASF AG; Prudential Insurance Co. of America; Wells Real Estate Investment Trust Inc.; Building Owners & Management Association; 1215 Eye Street, NW Associates Limited Partnership

Date:

2003

Size:

Preview shows 11KB of 369KB total

Price:

$80

ID:

#255978

 

 

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US PARK SERVICE LEASE AGREEMENT FOR A PORTION OF

US PARK SERVICE BUILDING


STANDARD FORM 2

FEBRUARY 1965 EDITION

GENERAL SERVICES

ADMINISTRATION

FPR (41CFR) 1D16.601

  

U.S. GOVERNMENT

LEASE FOR REAL PROPERTY

DATE OF LEASE: 1/10/02

  

LEASE #GS-11B-_1482 neg

 

THIS LEASE, made entered into this date between whose address is:  

1215 Eye Street, NW Associates Limited Partnership

c/o The John Akridge Company

601 13th Street, NW, Suite 300N

Washington, DC 20005

Attention: Asset Manager/1201 Eye

 

and whose interest in the property hereinafter described is that of OWNER, hereinafter called the LESSOR, and the UNITED STATES OF AMERICA, hereinafter called the Government.

 

* * * * *

 

WITNESSETH: The parties hereto for the considerations hereinafter mentioned, covenant and agree as follows:

 

* * * * *

 

1. The Lessor hereby leases to the Government the following described premises:

 

A total of approximately 219,750 BOMA rentable square feet (such yielding 192,000 ANSI/BOMA Office Area square feet (herein referred to as usable square feet of USF), located on full floor C1 (8,781 USF), partial floor 1 (9,134 USF), full floor 2 (14,285 USF), full floors 5-10 (20,048 USF each), and full floors 11-12 (19,756 USF each), plus five (5) reserved parking spaces for official Government vehicles, all in the building located at, and commonly known as, 1201 Eye Street, NW, Washington, DC 20005-5905,

 

to be used for SUCH PURPOSES AS DETERMINED BY THE GOVERNMENT consistent with applicable zoning requirements and the terms and provisions of this Lease.

 

* * * * *

 

2. TO HAVE AND TO HOLD the said premises with their appurtenances for the TEN YEAR FIRM term beginning on (see Paragraphs 6I and 6J below) and continuing through midnight on the day immediately prior to the tenth anniversary of such lease commencement date.

 

* * * * *

 

3. The Government shall pay the Lessor annual rent of:

 

For lease years 1 4, the Government shall pay the Lessor annual rent of Eight Million Two Hundred Nine Thousand Nine Hundred Twenty and 00/100 Dollars ($8,209,920.00) (based on a rate of $42.76 per USF) payable at the rate of Six Hundred Eighty Four Thousand One Hundred Sixty and 00/100 Dollars ($684,160.00) per month in arrears. For lease years 5 though 7, the Government shall pay the Lessor annual rent of Eight Million Seven Hundred Eighty Five Thousand Nine Hundred Twenty and 00/100 Dollars ($8,785,920.00) (based on a rate of $45.76 per USF) payable at a rate of Seven Hundred Thirty Two Thousand One Hundred Sixty and 00/100 Dollars ($732,160.00) per month in arrears. For lease years 8 though 10, the Government shall pay the Lessor annual rent of Nine Million Three Hundred Sixty One Thousand Nine Hundred Twenty and 00/100 Dollars ($9,361,920.00) (based on a rate of $48.76 per USF) payable at a rate of Seven Hundred Eight Thousand One Hundred Sixty and 33/100 Dollars ($780,160.00) per month in arrears. In addition to the annual rent, the Government shall pay Operating Expense Adjustments and Tax Adjustments as provided in this SF2 and the attached Solicitation for Offers during the Lease term. If the term of the Lease commences on a day other than the first day of a month, rent for the first and last months shall be prorated. Rent checks shall be made payable to: 1215 Eye Street, NW Associates Limited Partnership, P.O. Box 890213, Charlotte, NC 28289-0213.

 

* * * * *

 

LESSOR

 

/s/ Illegible


 

GOVT

 

/s/ Illegible


  EXCEPTION TO SF2 APPROVED GSA/IRMS 12D89

 


6A. The Lessor shall furnish to the Government as part of the rental consideration, the following:

 


 

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