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Board authorizes lease renewal and modest expansion of retirement office space

2521459 · March 6, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The board authorized the CEO to finalize a lease renewal that lowers base rent per square foot, adds 2,200 square feet, and includes tenant improvement and furniture allowances.

The San Jose Police and Fire Retirement Board authorized the CEO to execute an office-lease renewal that reduces the plan's base rent, adds approximately 2,200 square feet, and provides tenant-improvement dollars and a furniture allowance.

Staff reported the current rent is about $3.20 per square foot; the negotiated base rent in the new deal is…

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