Item No. 8e_supp
Meeting Date: February 24, 2026

STOC ALPA Lease Amendment
Brad Erger
Manager, Aviation & Business
Properties Assets

1

Action Requested
• Request Commission authorization for the Executive Director
to execute a term Lease Amendment with Air Line Pilots
Association (ALPA) at SeaTac Office Center (STOC) to lease an
additional 2,195 square feet of office space for a term of 99
months.

2

Overview
•

ALPA has been a tenant at STOC since 2012.
They currently lease 11,772 square feet of
office space on a portion of the 3rd floor (see
area highlighted in grey)

•

The Port has tentatively agreed to amend its
lease with ALPA to add an additional 2,195
square feet (Suite 315 - outlined in orange)
into their existing premises. This amendment
will apply for the remaining 99-month lease
term at the current rental rate of $23.34 per
square foot per year, plus operating expenses.
This lease amendment would be effective
3/1/2026.

•

ALPA will be responsible for any
improvements to Suite 315

3

Amendment Details
Air Line Pilot's Association (ALPA)
Rent Commencement Date

March 1, 2026

Rental Rate Adjustments
Permitted Use

Rent will increase based on the Consumer Price Index (CPI) annually each July 1st
through the term of the agreement.
General office use.

Security Requirement

6 months' base rent

4