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Committee approves forwarding Terminal 2 retail lease with MRG San Francisco LLC (Hello Carl)
Summary
The committee recommended that the Board approve a seven‑year specialty retail lease for Terminal 2 with MRG San Francisco LLC, featuring a themed local‑artisan shop called 'Hello Carl' and a first‑year minimum annual guarantee of $225,000; BLA recommended approval and noted at least $1,575,000 in total guaranteed rent over the seven‑year term.
The Budget & Finance Committee on Oct. 16 recommended the Board approve a Terminal 2 specialty retail concession lease between the airport and MRG San Francisco LLC. Airport staff described the seven‑year lease term and a minimum annual guarantee of $225,000 for the first year…
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