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Meridian Tower

500 108th Avenue NE, Bellevue, WA 98004 · Office · 142,300 SF · Built 1989 (renovated 2016) · Meridian Office Investors LLC

Leases → Rainier Legal Group LLP → Draft a document

Lease extension — Rainier Legal Group LLP

Step 1 sets the assumptions, pulled from this lease. Step 2 drafts the document from those assumptions. Nothing is filed until you save it, and what you save is stored as a versioned draft on this lease.

1 Assumptions

Change any assumption and re-draft — the figures below recalculate from this lease.

What the draft will say

LandlordMeridian Office Investors LLC
TenantRainier Legal Group LLP
PremisesSuite 300 · 18,400 SF
Current expirationJun 30, 2027
New termJul 01, 2027 – Jun 30, 2032
Current rent$44.00/SF · $809,600/yr
New rent (+3.0%)$45.32/SF · $833,888/yr
Monthly$67,467 → $69,491
Annual uplift$24,288
Escalation2.5% per year
Options remaining1 × 5yr
StructureGross

Rent math: $44.00 × (1 + 3.0%) = $45.32/SF; × 18,400 SF = $833,888 per year.