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Board committee accepts Port analyst recommendations and amends lease for Autodesk’s Pier 9 expansion
Summary
The committee approved the Port Commission’s third amendment to Autodesk’s Pier 9 lease to add 3,400 sq ft of shed space; Autodesk will invest approximately $2.04M in improvements, with a $400,000 rent credit amortized over the term; analysts recommended and the committee adopted language finding competitive bidding impractical and clarifying the lease termination date.
The Port presented a third amendment to the Pier 9 lease that adds roughly 3,400 square feet of unimproved shed space (currently used for parking) to Autodesk’s existing lease at Pier 9.
Geoffrey Bauer, Port lease manager, said Autodesk will invest at least about $2,040,500 to develop the additional space into a…
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