Item No.
8c_supp
Meeting Date: April 22, 2025

Airport Dining & Retail Amendments
Khalia Moore
Assistant Director, Airport Dining & Retail

Bridget Boldt
Manager, Business Development & Operations

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

Terminations - Impacted Spaces & Financial Implications

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

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