Leases & Comps
Deal Basics
- Property
- Cityline at Tenley
- Space
- Unit A
- Tenant
- Michaels
- Landlord
- K Street Properties LLC
- Rep Side
- Tenant Rep
- Lease Type
- Direct
Terms
- Rent ($/SF)
- $88
- Rent Type
- Full Service
- Term
- 60 months
- TI Allowance
- $0/SF
- Free Rent
- 2 mo
- Escalation
- 3% annual after year 1
- Delivery Condition
- Vanilla box
Pipeline & Follow-up
- Health
- Healthy
- Temperature
- Hot
- Preferred Channel
- Next Follow-up
- Jul 24, 2026
- LOI Sent
- Oct 18, 2024
- Lease Signed
- Feb 3, 2025
- Rent Commencement
- —
- Lease Start
- Mar 2, 2025
- Lease End
- Mar 2, 2030
Notes
- Credit / Entity
- Corporate guaranty on file
- Termination Option
- Early termination at month 60 with 9 months notice
- Internal Notes
- —
Commission by Milestone
Milestone vs Gross Amount
1 records