Presentation Title

Negotiation Trail – 5 Times Square

5 Times Square – 9/21/23 from SL Green

5 Times Square – 9/27/23 CW Counter

5 Times Square – 10/3/23 from SL Green

Approx. 20,000 RSF

Approx. 20,000 RSF

Approx. 20,000 RSF

Premises

Upon execution and unconditional delivery of fully executed lease documents and all legal documents

Upon execution and unconditional delivery of fully executed lease documents and all legal documents

Upon execution and unconditional delivery of fully executed lease documents and all legal documents

Lease Commencement

14 months following LCD (14 months free rent)

14 months following LCD (14 months free rent)

15 months following LCD (15 months free rent)

Rent Commencement

15 Years from the Rent Commencement Date

15 Years from the Rent Commencement Date

15 Years from the Rent Commencement Date

Term

Years 1 – 5: Years 6 – 10:

$83.00 per RSF $88.00 per RSF $93.00 per RSF

Years 1 – 5: Years 6 – 10:

$84.00 per RSF $89.00 per RSF $94.00 per RSF

Years 1 – 5: Years 6 – 10:

$82.00 per RSF $87.00 per RSF $92.00 per RSF

Base Rent

Years 11 – LXD:

Years 11 – LXD:

Years 11 – LXD:

Operating Expenses: Proportionate share over a calendar 2024 base year Real Estate Taxes: Proportionate share over a fiscal base year which shall be the greater of 2024/2025 and 2025/2026

Operating Expenses: Proportionate share over a calendar 2025 base year Real Estate Taxes: Proportionate share over a fiscal 2024/2025 base year

Operating Expenses: Proportionate share over a calendar 2025 base year Real Estate Taxes: Proportionate share over a fiscal 2024/2025 base year

Escalations

Tenant Improvement Allowance

$135.00 per RSF

$230.00 per RSF

$140.00 per RSF

One (1) ten (10) or two (2) five (5) year option to renew all space with 18 months prior written notice . Rent shall be equal to 100% of the Premises’ Fair Market Rental Value.

One (1) ten (10) or two (2) five (5) year option to renew all space with 12 months prior written notice . Rent shall be equal to 100% of the Premises’ Fair Market Rental Value.

One (1) ten (10) or two (2) five (5) year option to renew all space with 12 months prior written notice . Rent shall be equal to 100% of the Premises’ Fair Market Rental Value.

Renewal Option

Not Available

Not Available

Not Available

Right of First Offer (ROFO)

▪ M – F, 8:00 am to 8:00 pm, Saturday 9:00 am – 1:00 pm, excluding holidays ▪ Overtime HVAC: $112 per hour.

▪ M – F, 8:00 am to 8:00 pm, Saturday 9:00 am – 1:00 pm, excluding holidays ▪ Overtime HVAC: $112 per hour.

▪ M – F, 8:00 am to 8:00 pm, Saturday 9:00 am – 1:00 pm, excluding holidays ▪ Overtime HVAC: $112 per hour.

HVAC

Submetered plus an administrative fee of 3%.

Submetered plus an administrative fee of 3%.

Submetered plus an administrative fee of 3%.

Electricity

None

None

None

Security Deposit