New 5-Year Lease with
Arctic Storm Management Group LLC
at Pier 69
Item No. 8g supp
Date of Meeting May 10, 2022
ASMG Location Map
2
ASMG Premises
Pier 69 Floor 1
3
4
ASMG Lease
Key Terms
Occupancy Status Renewal
Premises square feet 19,660
Warehouse 10,230
Office 9,430
Commencement date June 1, 2022
Initial Term 60 months
# of Extension Options
1
Option period 60 months
Base Rent - 1st Year Blended ($/sf/yr) $14.45
Annual Rent Escalation 3.0%
Abatement None
Port Funded Expenses $216,894
Tenant Improvements $141,450
Tenant Broker Fees $75,444
Security Deposit $75,004
RE-2 Calculation $79,957
Security Shortfall ($4,953)
