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Port approves 15-year lease for new restaurant at 295 Terry Francois Boulevard

Port Commission · July 9, 2013
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 Port Commission approved sending a 15-year retail lease with a 15-year option to the Board of Supervisors for a restaurant at 295 Terry Francois Boulevard; the lease requires $2 million in tenant improvements, nine months of rent abatement for construction and a $380,000 one-time rent credit.

The commission approved a resolution to authorize negotiation and submittal to the Board of Supervisors of a 15-year lease with a 15-year option between the Port and E Street San Francisco LLC for a restaurant location at 295 Terry Francois Boulevard.

Key terms: Port real-estate staff said the lease requires a tenant investment of $2,000,000 for core…

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