Now Leasing. Towne Center. Retail & Offices 435 Main Street at Kelly

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Posy Stafford
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1 CA Lic. # Now Leasing Towne Center at Kelly

2 Now Leasing... Towne Center Rent per Square Foot $2.25 $3.00 NNN Max Contiguous Usable Sq. Ft Building Sq. Ft 13,495 Projected Opening March, 2015 Highlights Excellent Foot Traffic Prominent Signage Open Retail Floor Plans Elevator Served Offices Generous Off Street Parking

3 Ground Floor Retail Plan

4 Second Floor Office Plan

5 435 Main, Suite 100 Retail 827 usable square feet 1051 rentable square feet

6 435 Main, Suite 101 Restaurant or Retail 1011 usable square feet 1285 rentable square feet

7 435 Main, Suite 102 Retail 1642 usable square feet 2087 rentable square feet

8 707 Kelly Street Retail 1070 usable square feet 1360 rentable square feet

9 711 Kelly Street Retail 901 usable square feet 1145 rentable square feet

10 435 Main, Suite 201 Office 1923 usable square feet 2444 rentable square feet

11 435 Main, Suite 202 Office 329 usable square feet 419 rentable square feet

12 435 Main, Suite 203 Office 1906 usable square feet 2422 rentable square feet

13 435 Main, Suite 204 Office 1009 usable square feet 1282 rentable square feet

14 Landlord Shall Provide the Following Improvements ELECTRICAL SERVICE SUBPANEL: 125 amps, three-phase, for each tenant sub-panel. RESTROOMS: Each retail space has waste and supply rough-in for a private toilet. Retail Suites #100 & 101 will get finished rest rooms. The office spaces on the second floor have access to a common men's room with a toilet, urinal, and two lavatories; and a common women's room with two toilets and two lavatories. Each toilet room has a GFI duplex outlet, an exhaust fan and is accessible to the disabled. CEILINGS: Hard gypsum board (sheetrock) ceiling in the common areas, including the common bathrooms, and inside the existing building (suites 100, 101, 201 & 202). Ceilings in the new retail and office spaces (suites 102, 203, 204, and 707 & 711 Kelly) will be open to the ducting. WALLS: Gypsum board finish (sheetrock) on the walls of suites 101, 102, 201 & 202. The new common areas will also have finished walls. Bare studs in the interior of suites 102, 203, 204 and 707 & 711 Kelly. (See 6-electrical below) FLOORS: Scored, stained, polished concrete in the first floor common area, large ceramic tile on the 2nd floor common area and smaller ceramic tile in the common toilet rooms. Existing wood floors in suites 100, 101, 201 & 202. Bare concrete floors in suites 102, 203, 204 and 707 & 711 Kelly. ELECTRICAL: We currently show outlets in the common areas and suites 100, 101, 201 & 202, per building code. Suites 102, 203, 204 and 707 & 711 Kelly have sub panels with all electrical distribution on them. LIGHTING: Lighting provided in the common areas. Suspended ceilings if desired and lighting in suites 102, 203, 204 and 707 & 711 Kelly will be part of the Tenant Improvements. SIGN JUNCTION BOX: One per retail tenant (two wherever possible), locations designated by Landlord as approved by the City of Half Moon Bay. TELEPHONE OUTLET: One outlet box at location designated by Landlord, with empty conduit stubbed to above ceiling. HEATING: Heating per Landlord s design, adequate for a retail business or office space as appropriate. Air conditioning will not be provided. Tenant s heating of the demised premises will be at the expense of Tenant. STOREFRONTS: Single 3'0"x7'0" doors to each space (sometimes more than one location). Storefront and some glazed wood doors. The windows are anodized bronze aluminum storefront at the ground floor (retail) spaces and vinyl clad at the second floor (office) spaces. TENANT SHALL BE RESPONSIBLE FOR THE COST OF ALL IMPROVEMENTS NOT LISTED ABOVE.

15 Lease Abstract TERM: The minimum lease term is 5 years. The term and payment of rent commences as of the date occupancy. For those Tenants who reserve their space during the period of construc on, occupancy shall begin the date the Cer ficate of Occupancy is issued. RENT: The monthly rent will be due in advance on or before the first day of each month commencing on the Rent Commencement Date. The monthly rent shall be subject to annual adjustments according to the Consumer Price Index for All Urban Consumers for San Francisco Oakland San Jose. TAXES: The Tenant is responsible for a pro rata share of all taxes on the building, common facili es, and the land which comprises the center. The Landlord will establish an impound account for monthly payments. Tenant shall also pay all personal property tax when due. COMMON AREA FACILITIES AND MAINTENANCE: The Tenant shall pay a pro rata share of all costs of opera ng, insuring, and maintaining all improvements in the center, including reserves for repair and replacement, and property management. COMMON AREA INSURANCE: The Tenant shall pay a pro rata share of common area insurance for liability and property damage in the center for areas other than the leased premises. UTILITIES: Trash collec on, water, electrical and gas services will be paid jointly by all tenants by way of Common Area Maintenance contribu ons. SIGNAGE: Provision for tenant name iden fica on on exterior entrance monument sign, and tenant loca on iden fica on on menu board installa ons inside all entrances. ASSIGNMENT AND SUBLETTING: The lease is assignable a er receiving the Landlord s wri en approval, which may be arbitrarily withheld. DEPOSITS: Upon execu on of the lease by Tenant, Tenant shall deposit the first installment of monthly rent, and a security deposit equal to one month s rent. INSURANCE: Tenant, at its cost, shall maintain comprehensive general liability insurance against claims for personal injury, bodily injury, death, and property damage (including glass breakage coverage) in or about the premises in an amount not less than $1,000,000 combined single limit. Landlord and property management firm shall be named as addi onal insured. IMPROVEMENTS: Improvements provided by the Landlord will be according to he accompanying Landlord Shall Provide the Following Improvements. LEASE PREPARATION: Upon preliminary approval of a prospec ve Tenant s financial statement and Non Binding Le er of Intent, a lease will be prepared by Landlord. The form of the lease shall be the most recent version of the American Industrial Real Estate Associa on Standard Mul Tenant Lease Net, a specimen of which shall be made available upon request.

16 Pro Forma Rent Roll

Exhibit C - Shops 1 & 2

Exhibit C - Shops 1 & 2 EXHIBIT "C" LANDLORD S WORK MOUNTAIN GROVE SHOPS (Revised 02/12/2013) Landlord agrees, at its sole cost and expense, to furnish and install the following "Landlord's Work", limited