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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 robotics research lab, expanding the tenant’s footprint at Pier 9 to about 30,000 square feet and supporting roughly 120 employees on site. The amendment includes a 180‑day construction period with no rent charged and a rent credit of $400,000 that will be amortized straight‑line across the lease term.
The Budget Analyst noted that the original lease had been awarded on a sole‑source basis without Board legislation exempting it from competitive bidding requirements in the city administrative code and recommended the Board amend the resolution to state a finding that competition for the 3,400 sq ft was impractical. The analyst also recommended specifying a termination date for the lease extension. The Port agreed to provide an amended resolution to the committee before 9 a.m. the next morning.
The committee accepted the budget analyst’s recommendations, amended the resolution accordingly, and approved the underlying lease amendment without objection.
