OFFICE LEASE 1999 AVENUE OF THE STARS CONSTELLATION LAND LIMITED PARTNERSHIP, an Illinois limited partnership,
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EXHIBIT 10.52
OFFICE LEASE
1999 AVENUE OF THE STARS
CONSTELLATION LAND LIMITED PARTNERSHIP,
an Illinois limited partnership,
as Landlord,
and
XXXXXX ENTERTAINMENT COMPANY,
a California corporation,
as Tenant
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1999 AVENUE OF THE STARS
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SUMMARY OF BASIC LEASE INFORMATION
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The undersigned hereby agree to the following terms of this Summary of
Basic Lease Information (the "Summary"). The Summary is hereby incorporated into
and made a part of the attached Office Lease (the Summary and Office Lease to be
known collectively as the "Lease") which pertains to the office building (the
"Building") at 0000 Xxxxxx xx xxx Xxxxx, Xxx Xxxxxxx, Xxxxxxxxxx. Each reference
in the Office Lease to any term of this Summary shall have the meaning as set
forth in this Summary for such term. In the event of a conflict between the
terms of this Summary and the Office Lease, the terms of the Office Lease shall
prevail. Any capitalized terms used herein and not otherwise defined herein
shall have the meaning as set forth in the Office Lease.
TERMS OF LEASE
(References are to
The Office Lease) DESCRIPTION
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1. Date: August 9, 1996
2. Landlord: CONSTELLATION LAND LIMITED
PARTNERSHIP, an Illinois limited
partnership
3. Address of Landlord c/x Xxxxxxx Properties, Ltd.
(Section 29.14): 1999 Avenue of the Stars
Xxxxx 0000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
Attention: Xx. Xxxx XxXxxxxx
and
c/x Xxxxxxx Properties, Ltd.
000 Xxxxx XxXxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Attention: Xx. Xxxxx Xxxxx
4. Landlord's Managing None
Agent (Article 3):
5. Tenant: Xxxxxx Entertainment Company,
a California corporation
6. Address of Tenant Prior to Lease Commencement Date:
(Section 29.14):
Xxxxxx Entertainment Company
000 Xxxxxxxx Xxxxxxxxx
Xxxxx 0000
Xxxxx Xxxxxx, Xxxxxxxxxx 00000
Attention: Xx. Xxxx Xxxxxx
After Lease Commencement Date:
Xxxxxx Entertainment Company
1999 Avenue of the Stars
Xxxxx 0000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
Attention: Xx. Xxxx Xxxxxx
7. Premises (Article 1)
7.1 Location on 20th Floor, as set forth on
floor(s) in the Exhibit "A" attached to the
Building: Lease.
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7.2 Number of rentable Approximately 7,237
square feet in
Premises:
7.3 Number of usable Approximately 6,177
square feet in
Premises:
7.4 First Right Space Suite 2030
7.5 First Negotiation Suite 2040
Space
8. Term (Article 2)
8.1 Lease Term: Approximately five (5) years.
8.2 Lease Commencement The earlier to occur of
Date: (i) fourteen (14) calendar days
from the Early Access Date and
(ii) the date Tenant commences
business in any portion of the
Premises.
8.3 Lease Expiration August 31, 2001
Date:
8.4 Early Access Date: The date of Substantial
Completion (which is anticipated
to be August 15, 1996).
8.5 Option Term Five (5) years
9. Base Rent (Article 3):
Monthly Annual Rate
Period of Annual Installments Per
Lease Term Base Rent of Base Rent Rentable
---------- --------- ------------ Square
Foot ("RSF")
------------
1 $290,927.40 $24,243.95 $40.20
2 $302,578.97 $25,214.91 $41.81
3 $314,664.76 $26,222.06 $43.48
4 $327,257.14 $27,271.43 $45.22
5 $340,356.11 $28,363.01 $47.03
10. Additional Rent (Article 4)
10.1 Base Tax Year 1997
10.2 Base Expenditure 1997
Year
10.3 Tenant's Share 0.935%
11. Security Deposit $24,243.95
(Article 20):
12. Parking Pass Ratio 3 parking passes for every 1,000
(Article 27): RSF of the Premises: 2 per every
1,000 RSF for On-Site parking
and 1 per every 1,000 RSF for
off- Site parking.
13. Building Directory Seven (7) lines
Allocation (Section
29.19):
14. Name and address of Xx. Xxxxx Xxxxxxxxx
Broker (Section 29.25): Xxxxxx X. Xxxxxxx, Inc.
00000 Xxxxxxxx Xxxxxxxxx
Xxxxx 0000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
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15. Intentionally Omitted
16. Exhibits: "A" through "F"
The foregoing terms of this Summary are hereby agreed to by Landlord and
Tenant.
"Landlord": "Tenant":
CONSTELLATION LAND LIMITED XXXXXX ENTERTAINMENT
PARTNERSHIP, COMPANY,
an Illinois limited partnership a California corporation
By: JMB/Constellation, Inc., By: /s/ XXXXXXX X. XXXXXX
an Illinois corporation, ---------------------------------
General Partner Name: Xxxxxxx X. Xxxxxx
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Title: Executive Vice President, CFO
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By: [SIG] By:
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Name: Name:
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Title: Vice President Title:
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EXHIBIT A
1999 AVENUE OF THE STARS
OUTLINE OF FLOOR PLAN OF PREMISES
[FLOORPLAN - GRAPHIC]
EXHIBIT A - Page 1
