One Chesterfield Offering Memorandum 2016

TENANCY

Rent Roll

Leased Square Feet

Current Lease Expire

Rent Step Dates

Annual Rent ($/psf)

Reimbursements

Current Lease Start

Annual Rent ($)

Monthly Rent ($)

Tenant

Suite

GLA%

CAM INS

RET

100 & 210 7,913

5.5% 10/27/2003 06/30/2021

Current

$25.50

$16,815

$201,782 2014 BY 2014 BY 2014 BY

7/1/2017

$26.00

$17,145

$205,738

$11.05 PSF

Acropolis Investment Management

7/1/2018

$26.50 $17,475

$209,694

7/1/2019

$27.00 $17,804

$213,651

7/1/2020

$27.50

$18,134

$217,608

Comments:

Tenant has one, 5-year option to extend its term at the prevailing market rate. Tenant must provide Landlord with at least nine (9) months advance written notice.

Renewal Option:

Utility Services:

Tenant is responsible for all separately metered utilities at the premises.

Additional Rent:

Tenant is responsible for its proportionate share of all operating expenses in excess of the 2014 operating expenses.

Gross-Up:

95%

Tenant may terminate the lease effective May, 2019 by: (1.) giving written notice to the Landlord at least nine (9) months prior to the effective date of such termination; and (2.) paying to Landlord a termination fee. The termination fee shall be an amount equal to the sum of (a.) any unamortized leasing commission, and (b.) the unamortized balance of the cost to Landlord of the tenant improvement allowance remaining on the effective date of termination.

Termination Option:

Right of First Opportunity:

Tenant has the right of first opportunity to any rentable space on the second floor of the building contiguous to tenant’s expansion space. The ROFO expires upon the expiration of tenant’s term and shall not continue into any additional renewal or extension term.

Exclusive Use:

Tenant shall be the only tenant with the primary business of operating classroom facilities.

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Cushman & Wakefield