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SECOND AMENDMENT TO AUBURN CORPORATE CENTER I OFFICE LEASE

Office Lease Agreement

SECOND AMENDMENT TO AUBURN CORPORATE CENTER I OFFICE LEASE | Document Parties: ZONES INC | Fana Auburn, LLC, You are currently viewing:
This Office Lease Agreement involves

ZONES INC | Fana Auburn, LLC,

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Title: SECOND AMENDMENT TO AUBURN CORPORATE CENTER I OFFICE LEASE
Date: 5/12/2006
Industry: Retail (Catalog and Mail Order)    

SECOND AMENDMENT TO AUBURN CORPORATE CENTER I OFFICE LEASE, Parties: zones inc , fana auburn  llc
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SECOND AMENDMENT TO

 

AUBURN CORPORATE CENTER I

OFFICE LEASE

 

This Second Amendment to Office Lease (the Second Amendment) is made as of March 15 th , 2006 by and between Fana Auburn, LLC, a Washington Limited Liability Company (“ Landlord ”), and Zones, Inc., a Washington corporation (“ Tenant ”). As parties hereto, Landlord and Tenant agree:

 

RECITALS

 

A.

Landlord and Tenant have entered into that certain Office Lease, dated as of June 9, 2003 (the “ Lease ”), wherein Tenant leased from Landlord that office space consisting of approximately 106,308 square feet of the Building located at 1102 15th Street SW, Auburn, Washington, such leased premises are more particularly described and depicted in the Lease. The Building is now commonly known as Auburn Corporate Center I. Subsequently, through lease amendment No. 1, the lease premises was re-defined as 106,273 rentable square feet.

 

B.

The parties now desire to increase the rentable square feet located on the first floor by approximately 18,923 square feet and to incorporate a lease inducement provision. The final size and location of the additional rentable square feet shall be determined by the actual space plan per BOMA standards.

 

NOW, THEREFORE, effective January 1 st , 2007, the parties covenant and agree as follows:

 

1.

Section 1.4. - Premises, is replaced entirely as follows:

 

Premises:

 

Approximately 125,196 rentable square feet located in that certain building with an address of 1102 15 th Street SW, Auburn, Washington and commonly referred to as Auburn Corporate Center I and located on Lot A of Auburn Lot Line Adjustment No. LLA-0004-91 recorded under Recording No. 9104171400, situated in Auburn, Washington (said Parcel, together with said Building, being herein referred to collectively as the “Property”), as such leased premises are more particularly described and/or depicted on Exhibit A-1 attached hereto and incorporated herein by this reference (“Premises”). The Premises includes the entire second floor of the Building other than 1,624 square feet of common areas. The balance of the Premises shall be located on the first floor of the building, as shown in Exhibit A-1. In addition to Tenant’s rights to use and occupy the Premises as hereinafter specified, Tenant shall have non-exclusive rights to use the Common Area (as defined in Section 1.16 below), but shall not have any rights to use the roof, exterior walls or utility raceways of the Building. Notwithstanding anything contained herein to the contrary, Tenant shall have the exclusive right of use of the two conference rooms located adjacent to the main lobby. The Property is more particularly described on Exhibit A-2 attached hereto. The Auburn 400 Corporate Park, Division One is referred to in this Lease as the “Project”. All square footage areas refereed to in this paragraph 1.4 may be confirmed by either party using current BOMA standards. If such measurements indicate that the Premises are larger or smaller than 125,196 rentable square feet, Annual Base Rent and Tenant’s Share (as defined in this Lease) shall be adjusted accordingly.

 

___ Landlord’s Initials

Tenant’s Initials

 

1


 

2.

Section 1.5 - Term, is replaced as follows:

 

Term:

 

1.5(a) - For the 106,273 Square Foot Portion of the Premises:

Eleven (11) years commencing on September 1st, 2003 and expiring on August 31st, 2014.

 

1.5(b) - For the 18,923 Square Foot Portion of the Premises:

Ninety two (92) months commencing on January 1st, 2007 and expiring on August 31st, 2014.

 

Options to Extend are fully addressed in Sections 3.2 and 3.3.

 

3.

Section 1.7 - Initial Annual Base Rent, is replaced as follows:

 

Initial Annual Base Rent:

 

1.7(a) - With regard to the 106,273 Rentable Square Foot portion:

 

On and after the Commencement Date, Tenant shall pay Annual Base Rent during each year of the Lease Term as follows, all such rent being based on 106,273 rentable square feet of space in the Premises; provided, however, the reference to “w/o pocket” refers to Tenant’s right under Paragraph 2.3 to space pocket a desi


 
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