Airport Dining & Retail Amendments
Khalia Moore
Assistant Director, Airport Dining & Retail
Bridget Boldt
Manager, Business Development & Operations
Item No. 8c_supp
Meeting Date: April 22, 2025
Request for Approval
• Executive Director execution of Termination Agreements for Airport
Dining and Retail (ADR) spaces impacted by SEA Gateway/North Main
Terminal Redevelopment (NMTR) and Airline Realignment projects.
• Executive Director execution of one (1) new leases for space impacted
by Concourse A Duty-Free Expansion and one (1) new lease for space
impacted by Terminal Seating Project.
• Executive Director execution of three (3) Lease and Concession
Amendments for certain ADR Tenants impacted by various capital
projects and unforeseen construction-related delays.
• Total amount of request: $739,725
2
SEA Gateway/NMTR Project
• Seattle Air Ventures JV (NE-05): $174,725
Airline Realignment Project
• Seattle Air Ventures JV (SE-03): $290,000
Total Buyout $464,725
Terminations - Impacted Spaces & Financial Implications
3
New Lease Agreements
Concourse C
• CC-16: Concourse Concessions, LLC, replaces impacted location CA-17
(f/k/a CA-16).
– 8-year term.
– Equitable term for long-term kiosk space replacement.
Concourse A
• CA-16: SeaTac Bar Group, LLC, replaces impacted location CA-04.
– 12-year term.
– Equitable square footage allocation for Duty-Free displacement.
4
Lease Amendments
Concourse C
• Host LPI SEA FB, LLC (CC-11):
– modified rent structure due to the construction delays.
– compensation of $275,000 for specific construction costs related to unknown site conditions
.
Concourse N
• CI Grove Bay SEA, LLC (NSM-26):
– modified rent structure due to Port construction phasing.
Airport Security Checkpoints
• SecurityPoint Media, LLC:
– modify premises to include new Checkpoint 1.
– extend term five (5) years.
5
QUESTIONS
6
