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Subcommittee forwards seven‑year Terminal 3 concession lease with Hudson Group
Summary
The Budget & Finance Subcommittee forwarded a resolution approving a seven‑year Terminal 3 lease with Hudson Group Retail LLC for three concession locations totaling 2,574 sq ft; airport staff estimate percentage rent of about $774,000 annually versus a $711,000 minimum guarantee.
The San Francisco County Budget & Finance Subcommittee on an unspecified March 2012 date moved forward a resolution approving a seven‑year Terminal 3 lease between the airport and Hudson Group Retail LLC.
Kathy Widener of San Francisco Airport told the committee the lease covers two new newsstand stands and one specialty store totaling 2,574 square…
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