Page 3 - Thomas Title - Market Overview - June 2020
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Landlord First Round Proposal - 5.28.2020 Landlord Second Round Proposal - 6.3.2020 Landlord Third Round Proposal - 6.8.2020
Citymark on the Katy Trail Citymark on the Katy Trail Citymark on the Katy Trail
3100 McKinnon St 3100 McKinnon St 3100 McKinnon St
Dallas, TX 75201 Dallas, TX 75201 Dallas, TX 75201
The Allowance may be used for any and all costs associated The Allowance may be used for any and all costs associated
with the design and construction of the Improvements with the design and construction of the Improvements
and for Tenant's moving expenses, including any amount and for Tenant's moving expenses, including any amount
Any amount that is unused after the Premises are paid to a coordinator or consultant. In addition, Tenant paid to a coordinator or consultant. In addition, Tenant
ALLOWANCE USE: complete may be used to offset other costs associated may use the Allowance for any additional freestanding may use the Allowance for any additional freestanding
with moving into the Premises. workstations, furniture, fixtures and/or equipment. Any workstations, furniture, fixtures and/or equipment. Any
amount that is unused after the Premises are complete amount that is unused after the Premises are complete
may be used to offset other costs associated with moving may be used to offset other costs associated with moving
into the Premises. into the Premises.
Landlord shall provide $0.12/RSF to perform a preliminary Landlord shall provide $0.15/RSF to perform a preliminary Landlord shall provide $0.15/RSF to perform a preliminary
SPACE PLANNING: space plan and assist Tenant in its evaluation of the space plan and assist Tenant in its evaluation of the space plan and assist Tenant in its evaluation of the
Premises. Premises. Premises.
ROFR to lease Suite 160 (1,604 RSF) with three (3) business ROFR to lease Suite 160 (1,604 RSF) with three (3) business ROFR to lease Suite 160 (1,604 RSF) with three (3) business
days after receipt of Landlord notice to elect to lease at days after receipt of Landlord notice to elect to lease at days after receipt of Landlord notice to elect to lease at
the 3rd party economic terms. the 3rd party economic terms. the 3rd party economic terms.
RIGHT OF FIRST REFUSAL:
If Tenant exercises within the first twenty-four (24) months If Tenant exercises within the first twenty-four (24) months If Tenant exercises within the first twenty-four (24) months
of the Term, the terms of the Expansion Space shall be at of the Term, the terms of the Expansion Space shall be at of the Term, the terms of the Expansion Space shall be at
the same terms and conditions of the Lease. the same terms and conditions of the Lease. the same terms and conditions of the Lease.
Two five (5) year options or one ten (10) year option for Two five (5) year options or one ten (10) year option for Two five (5) year options or one ten (10) year option for
all of the Premises and any space added to the Premises all of the Premises and any space added to the Premises all of the Premises and any space added to the Premises
at the Prevailing Market Rate with no less than fifteen (15) at the Prevailing Market Rate with no less than fifteen (15) at the Prevailing Market Rate with no less than fifteen (15)
OPTION TO EXTEND:
months prior written notice. Extension shall be at the months prior written notice. Extension shall be at the months prior written notice. Extension shall be at the
same terms and conditions of the Lease, except that the same terms and conditions of the Lease, except that the same terms and conditions of the Lease, except that the
rental rate shall be at the Prevailing Market Rate. rental rate shall be at the Prevailing Market Rate. rental rate shall be at the Prevailing Market Rate.
3.0 : 1,000 (16 total spaces) in the Building Garage and/ 3.0 : 1,000 (16 total spaces) in the Building Garage and/
or surface parking areas immediately adjacent to the or surface parking areas immediately adjacent to the
Building. Tenant shall pay for a minimum of eight (8) Building. Tenant shall pay for a minimum of eight (8)
parking spaces, regardless of use. Tenant shall give parking spaces, regardless of use. Tenant shall give
Landlord prior written notice of request to use more Landlord prior written notice of request to use more
3.2 : 1,000 (19 total spaces) in the Building Garage and/ than the minimum eight (8) parking spaces to indicate than the minimum eight (8) parking spaces to indicate
or surface parking areas immediately adjacent to the the number of Excess Spaces Tenant wishes to use and the number of Excess Spaces Tenant wishes to use and
Building. Tenant shall pay for all nineteen (19) spaces, commits to paying for the remainder of the Term. Landlord commits to paying for the remainder of the Term. Landlord
PARKING: regardless of use. may offer Tenant's Excess Spaces that are unused to a 3rd may offer Tenant's Excess Spaces that are unused to a 3rd
party, provided Landlord offers such spaces to Tenant party, provided Landlord offers such spaces to Tenant
Unreserved Spaces: $100/space/month in writing prior, and Tenant shall have three (3) days to in writing prior, and Tenant shall have three (3) days to
Reserved Spaces: $200/space/month notify Landlord of election to take and commit to pay for notify Landlord of election to take and commit to pay for
such Excess Spaces. Tenant shall have the ongoing right such Excess Spaces. Tenant shall have the ongoing right
to request to use any offered Excess Spaces. to request to use any offered Excess Spaces.
Unreserved Spaces: $50/space/month Unreserved Spaces: $50/space/month
Reserved Spaces: $100/space/month Reserved Spaces: $100/space/month
SECURITY DEPOSIT: None. None. None.
*Suite has been remeasured per BOMA 2017 from 5,011 RSF to 5,333 RSF