English translation: The lease can be interrupted after 7 years (with 2.5 year notice)
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18:06 May 17, 2005
English to English translations [PRO] Investment / Securities
English term or phrase:break
• LIMITED MARKET PURCHASE
• FREEHOLD PROPERTY
• LOCATED 2.5 MILES FROM DOWNTOWN ON THE SITE OF THE FORMER ORLANDO NAVAL TRAINING CENTRE. IT IS ONE OF THE LARGEST IN-CITY REDEVELOPMENT PROJECTS IN THE COUNTRY, COMPLETION MID 2005
• IT WILL CONTAIN 167,697 SQ FT (15,585 SQ M) INCL OFFICE SPACE, COMMON AREAS, CAFÉ, 9.2 ACRES OF LAND AND 828 SURFACE PARKING SPACES
• 10 YEAR LEASE (7 YEAR BREAK), 2.5 year notice.
• 78.03% TO TRAVELERS INDEMNITY COMPANY, A BY S&P A+ RATED COMPANY, SELLER TO GUARANTEE UNLET SPACE