It looks like we will be able to assign the master lease to another entity (asset manager, property manager such as CB Richard Ellis). Thus we will need a group of 2 or 3 TIC members to review prospective contracts. (The new deal would not be NNN).
Also, there is one empty parcel in our building with 6000 sq ft. There is a company interested in leasing the property and we will need to review the leasing terms and present them for the group for acceptance/rejection.
Also, Nextel re-upped for 5 years commencing in 2010 at $10 square foot, up from $9.14 sf.
Anyone wanting to be a member of the small group--all tic holders would have to buy off on any recommendations of the small group--please send me an email
Geof Gray
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