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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 → Redwood Data Services → Draft a document

Lease extension — Redwood Data Services

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
TenantRedwood Data Services
PremisesSuite 770 · 2,500 SF
Current expirationOct 31, 2028
New termNov 01, 2028 – Oct 31, 2033
Current rent$42.50/SF · $106,250/yr
New rent (+3.0%)$43.77/SF · $109,425/yr
Monthly$8,854 → $9,119
Annual uplift$3,175
Escalation3.0% per year
Options remaining0
StructureGross

Rent math: $42.50 × (1 + 3.0%) = $43.77/SF; × 2,500 SF = $109,425 per year.