Exhibit 10.2
Sixth
Amendment To Lease — Forrester Research, Inc./400 Tech
Square
SIXTH AMENDMENT TO LEASE
This Sixth Amendment (the “
Sixth Amendment ”) to Lease is made as of
April 22, 2008, by and between ARE-Tech Square, LLC , a
Massachusetts limited liability company, having an address at 385
E. Colorado Boulevard, Suite 299, Pasadena, California 91101
(“ Landlord ”), Forrester Research, Inc.
, a Delaware corporation having an address at 400 Technology
Square, Cambridge, Massachusetts 02139 (“ Tenant
”).
RECITALS
A. Landlord’s
predecessors in interest, Technology Square LLC, a Massachusetts
limited liability company, and Technology Square Finance, LLC, a
Massachusetts limited liability company and Tenant have entered
into that certain Lease (the “ Lease ”) dated as
of May 6, 1999, as amended by a First Amendment dated as of
September 9, 1999, a Second Amendment dated February 8,
2001, a Third Amendment dated December 13, 2002, a Fourth
Amendment dated December 22, 2003, and a Fifth Amendment dated
as of January 1, 2005 (as so amended, the
“Lease”), wherein Landlord leased to Tenant certain
premises (the “ Premises ”) located at 400
Technology Square, Cambridge, Massachusetts (the “
Building ”) more particularly described in the
Lease.
B. Tenant
desires to expand the Premises demised under the Lease by adding
20,793 rentable square feet (the “ Expansion Space
”) on the eighth floor of the Building, and Landlord is
willing to lease such portion of the Building to Tenant on the
terms herein set forth.
AGREEMENT
Now, therefore, the parties hereto
agree that the Lease is amended as follows:
1. Premises . Effective
as of October 1, 2008, or such later date as Landlord delivers
the Expansion Space to Tenant free and clear of tenants and
occupants (the “Expansion Space Commencement Date”),
the Premises demised under the Lease are hereby expanded to include
the Expansion Space for all purposes of the Lease (including the
extension option thereunder), which Landlord and Tenant agree
consists of 20,793 rentable square feet on the eighth floor of the
Building, as such Expansion Space is described on
Exhibit A attached hereto and incorporated
herein by this reference. From and after the Expansion Space
Commencement Date, (a) the Base Rent payable under the Lease with
respect to the Expansion Space shall be $47.00 per rentable square
foot through September 30, 2011, and (b) Tenant’s
Building Percentage Share with respect to the Premises shall be
adjusted to be 74.73% (based upon a total of 194,776 square feet),
and with respect to the Expansion Space shall be 10.68%. The
Building Operating Cost Base for the Expansion Space shall be
calendar year 2008. The Building Tax Base for the Expansion Space
shall be fiscal year 2009. The parties acknowledge and agree that
to the extent those expenses designated under the Lease as
“Complex Expenses” are now allocated to the Building as
a Unit in the Technology Square Condominium, the same shall be
included in Building Operating Costs as to which Tenant shall pay
Tenant’s Building Percentage Share.
2. Improvement of Expansion
Space . Landlord shall provide a Tenant Improvement
Allowance of not more than $10.00 per rentable square foot of the
Expansion Space, $207,930.00 in the aggregate (the “ TI
Allowance ”), which TI Allowance shall be used to improve
the Expansion Space as described in the Work Letter attached hereto
as Exhibit B .
