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590 Madison Avenue Negotiation Trail
Edward J. Minskoff Proposal
February 12, 2019
C&W Proposal
March 26, 2019
Edward J. Minskoff Proposal
April 17, 2019
Premises
Partial 41
st
Floor – 14,678 RSF
(Existing Premises: 12,856 RSF +
New Premises: 1,822 RSF)
Partial 41
st
Floor – 14,678 RSF
(Existing Premises: 12,856 RSF +
New Premises: 1,822 RSF)
Partial 41
st
Floor – 14,678 RSF
(Existing Premises: 12,856 RSF +
New Premises: 1,822 RSF)
Term
Ten (10) Years from October 1, 2021
Ten (10) Years from October 1, 2021
Ten (10) Years from October 1, 2021
Base Rent
Years 1-5: $145.00 per RSF
Years 6-10: $155.00 per RSF
Years 1-5: $129.00 per RSF
Years 6-10: $139.00 per RSF
Years 1-5: $137.00 per RSF
Years 6-10: $147.00 per RSF
Rent Abatement
Existing Premises: Eight (8) months
New Premises: Ten (10) months
Existing Premises: Ten (10) months
New Premises: Ten (10) months
Existing Premises: Ten (10) months
New Premises: Ten (10) months
Landlord’s Work
Allowance
$63.65 per RSF
$70.00 per RSF
$70.00 per RSF
Escalation Base Years
Operating Expense:
2021 Base Year
Real Estate Taxes:
2021 Base Year
Operating Expense:
Calendar 2021 Base Year
Real Estate Taxes:
Fiscal 2021/2022 Base Year
Operating Expense:
Calendar 2021 Base Year
Real Estate Taxes:
Fiscal 2021/2022 Base Year