5. Upon the request of Lessee at all reasonable times during the term of the Lease ,

Commission Regular Meeting · 2026-04-23 · agenda_item

This item concerns a lease agreement for a Medical Office Building (MOB) property. The Master Lessor is considering an option to extend the lease for an additional 50 years at the Lessee's request. The lease will be extended as long as a hospital operates on the land and the Lessee is not in default. This matter is currently under review by the Commission. If the lease extension is approved, it could lead to ongoing opportunities for services related to the property's operation and maintenance. Businesses involved in property management, building maintenance, and related services may find future opportunities. Early engagement with the parties involved could provide insight into potential needs as the lease terms are finalized.

additional term

50 year