Re: Lease Renewal Option for 450 Northridge Parkway, Suite 300
Exhibit 10.2
Via Hand Delivery
March 21, 2007
Mr. Xxxx Xxxxxx
Controller
Xxxxxxx Properties Residential, L.P.
000 Xxxxxxxxxx Xxxxxxx
Xxxxx 000
Xxxxxxx, Xxxxxxx 00000
Controller
Xxxxxxx Properties Residential, L.P.
000 Xxxxxxxxxx Xxxxxxx
Xxxxx 000
Xxxxxxx, Xxxxxxx 00000
Re: | Lease Renewal Option for 000 Xxxxxxxxxx Xxxxxxx, Xxxxx 000 |
Dear Xxxx:
Please accept this letter as the required notice of Tenant’s exercise of one (1) of it’s three (3)
one (1) year options to extend the Lease dated March 27, 2006 by and between Xxxxxxx Properties
Residential, L.P., a Georgia limited partnership (“Landlord”) and Xxxxxxx Properties, Inc., a
Georgia corporation (“Tenant”) (the “Lease”).
As we have agreed, the rental rate will continue to be $19.00 per sq. ft. and the Term shall be
extended to December 31, 2007. Except as expressly stated herein, all other terms and conditions
of the Lease shall remain in full force and effect.
I would appreciate your acknowledging the above terms and conditions and returning an executed copy
of this Lease Agreement to me.
Sincerely,
|
AGREED AND ACKNOWLEDGED: | |
Xxxxxxx Properties Residential, L.P. | ||
/s/ Xxxxxxx Xxxxxx |
||
/s/ Xxxx Xxxxxx | ||
Xxxxxxx Xxxxxx
|
Xxxx Xxxxxx, Controller | |
Chief Financial Officer
|
Xxxxxxx Realty Investors, Inc., Sole General Partner |
As07-030