Re: 1861 Marine Dr. - Lease Addendum

 Let me get financials.

On Wed, Feb 15, 2023 at 11:56 AM Wittenberg, Zachary @ Vancouver <
Zachary.Wittenberg@cbre.com> wrote:

> Thanks. So Orofresh is the operating entity and has financials?
>
> Zach Wittenberg
> Personal Real Estate Corporation
> Vice President, CBRE Limited
> D: (604) 662-5158
> C: (778) 990-9105
> ------------------------------
> *From:* Madonna Borger <madonna.borger@thekey.com>
> *Sent:* Wednesday, February 15, 2023 10:22:50 AM
> *To:* Wittenberg, Zachary @ Vancouver <Zachary.Wittenberg@cbre.com>
> *Cc:* Timothy Thomas <tt@thekey.com>; Fuller, Lauren @ San Diego <
> Lauren.Fuller@cbre.com>; Mary Bradley <mbradley@relo-strategies.com>
> *Subject:* Re: 1861 Marine Dr. - Lease Addendum
>
>
> *External*
>
>
> Zach,
> Attached are the Orofresh information that will be needed.  I will
> complete the attachments once i get approval from upper management to
> complete.
> Thanks
>
>
> On Tue, Feb 14, 2023 at 3:10 PM Wittenberg, Zachary @ Vancouver <
> Zachary.Wittenberg@cbre.com> wrote:
>
> Hi All – The Landlord has provided a lease addendum for the terms as
> discussed for your review and comments. He has also asked to see financials
> for the Orofresh entity or how it is tied to The Key LLC as he would like
> the operating entity on the Lease vs a shell company with assets. I believe
> you mentioned Orofresh rolls up to the parent co, but please confirm.
>
>
>
> Let me know where we sit and I can provide any necessary comments as well
> over a call.
>
>
>
> The owner is local so turns things around in short order. I’ve let him
> know you have an internal process for approvals that takes time. Please
> keep me in the know when able.
>
>
>
>
>
> Zach Wittenberg | Vice President
>
> *Personal Real Estate Corporation *
>
> CBRE Limited | Real Estate Advisory & Transaction Services
>
> 1021 West Hastings Street, Suite 2500 | Vancouver, BC  V6E 0C3
>
> T +1 604 662 5158 | C +1 778 990 9105
>
> Zach.wittenberg@cbre.com | http://www.cbre.ca/ZW
> <https://www.cbre.ca/en/people-and-offices/zachary-wittenberg>
>
>
>
> *Connect with me on LinkedIn
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>
> *From:* Madonna Borger <madonna.borger@thekey.com>
> *Sent:* Thursday, February 9, 2023 12:58 PM
> *To:* Timothy Thomas <tt@thekey.com>
> *Cc:* Wittenberg, Zachary @ Vancouver <Zachary.Wittenberg@cbre.com>;
> Fuller, Lauren @ San Diego <Lauren.Fuller@cbre.com>; Mary Bradley <
> mbradley@relo-strategies.com>
> *Subject:* Re: Staying at 1861 Wish List
>
>
>
> *External*
>
>
>
> Tim,
>
> Check on this link and go to the contract request form, within that form
> is a link for approval process.
>
>
>
>
>
> On Thu, Feb 9, 2023 at 12:39 PM Timothy Thomas <tt@thekey.com> wrote:
>
> The link doesn't appear to be working. I can't access the file.
>
>
>
> On Thu, Feb 9, 2023 at 2:41 PM Madonna Borger <madonna.borger@thekey.com>
> wrote:
>
> Tim,
>
> Can you fill out the below link and then we will get approval from
> Tad....should only take a day.
>
> Thanks
>
>
> https://drive.google.com/file/d/1CYl7TB4boUOSYmtaxBuo58ofpwGNq-PS/view?usp=sharing
> <https://urldefense.com/v3/__https:/drive.google.com/file/d/1CYl7TB4boUOSYmtaxBuo58ofpwGNq-PS/view?usp=sharing__;!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL88UYyM2$>
>
>  New process that has been put in place.
>
> Thanks
>
>
>
>
>
>
>
>
>
> On Thu, Feb 9, 2023 at 9:46 AM Timothy Thomas <tt@thekey.com> wrote:
>
> This works for me. Madonna?
>
>
>
> On Wed, Feb 8, 2023 at 6:10 PM Wittenberg, Zachary @ Vancouver <
> Zachary.Wittenberg@cbre.com> wrote:
>
> Hi Team – I just got off the phone with the Landlord. He wasn’t keen on
> providing any additional $ in the deal and had concerns on the allocation
> of funds. I was able to secure this:
>
>    - 3 months rent abatement (tenant to pay $2500/mth vs $2000/mth) –
>    total of $10,200 vs $7,800
>    - Treat the rental abatement similar to a TI, where you essentially
>    get re-imbursed up to the $ amount spent after proof of work/paid invoice.
>    In this case, the month immediately following the paid invoice will be
>    abated. He is OK with consecutive months. Ie if work is completed today,
>    March, April & May would be abated to $2500/mth.
>
>
>
> I believe this to be the best achievable deal with this landlord.
>
>
>
> Zach Wittenberg | Vice President
>
> *Personal Real Estate Corporation *
>
> CBRE Limited | Real Estate Advisory & Transaction Services
>
> 1021 West Hastings Street, Suite 2500 | Vancouver, BC
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-nn-ukE$>
> V6E 0C3
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-nn-ukE$>
>
> T +1 604 662 5158 | C +1 778 990 9105
>
> Zach.wittenberg@cbre.com | http://www.cbre.ca/ZW
> <https://www.cbre.ca/en/people-and-offices/zachary-wittenberg>
>
>
>
> *Connect with me on LinkedIn
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>
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>
>
> *From:* Wittenberg, Zachary @ Vancouver
> *Sent:* Tuesday, February 7, 2023 2:19 PM
> *To:* Madonna Borger <madonna.borger@thekey.com>; Timothy Thomas <
> tt@thekey.com>
> *Cc:* Mary Bradley <mbradley@relo-strategies.com>; Fuller, Lauren @ San
> Diego <Lauren.Fuller@cbre.com>
> *Subject:* RE: Staying at 1861 Wish List
>
>
>
> I’ll let you know when I hear back.
>
>
>
> Zach Wittenberg | Vice President
>
> *Personal Real Estate Corporation *
>
> CBRE Limited | Real Estate Advisory & Transaction Services
>
> 1021 West Hastings Street, Suite 2500 | Vancouver, BC
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-nn-ukE$>
> V6E 0C3
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-nn-ukE$>
>
> T +1 604 662 5158 | C +1 778 990 9105
>
> Zach.wittenberg@cbre.com | http://www.cbre.ca/ZW
> <https://www.cbre.ca/en/people-and-offices/zachary-wittenberg>
>
>
>
> *Connect with me on LinkedIn
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>
> *From:* Madonna Borger <madonna.borger@thekey.com>
> *Sent:* Tuesday, February 7, 2023 7:55 AM
> *To:* Timothy Thomas <tt@thekey.com>
> *Cc:* Wittenberg, Zachary @ Vancouver <Zachary.Wittenberg@cbre.com>; Mary
> Bradley <mbradley@relo-strategies.com>; Fuller, Lauren @ San Diego <
> Lauren.Fuller@cbre.com>
> *Subject:* Re: Staying at 1861 Wish List
>
>
>
> *External*
>
>
>
> Great, thank you.
>
>
>
> On Tue, Feb 7, 2023 at 6:46 AM Timothy Thomas <tt@thekey.com> wrote:
>
> Good with me. Thanks
>
>
>
> On Mon, Feb 6, 2023 at 6:20 PM Wittenberg, Zachary @ Vancouver <
> Zachary.Wittenberg@cbre.com> wrote:
>
> If you’re good with the attached (red-line for reference), we accepted all
> the changes but I left Jan 2024 as the 3rd free rent month.
>
>
>
> On approval, I’ll send to the LL.
>
>
>
> Zach Wittenberg | Vice President
>
> *Personal Real Estate Corporation *
>
> CBRE Limited | Real Estate Advisory & Transaction Services
>
> 1021 West Hastings Street, Suite 2500 | Vancouver, BC
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-nn-ukE$>
> V6E 0C3
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-nn-ukE$>
>
> T +1 604 662 5158 | C +1 778 990 9105
>
> Zach.wittenberg@cbre.com | http://www.cbre.ca/ZW
> <https://www.cbre.ca/en/people-and-offices/zachary-wittenberg>
>
>
>
> *Connect with me on LinkedIn
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> *Stay connected!
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>
>
> *From:* Wittenberg, Zachary @ Vancouver
> *Sent:* Monday, February 6, 2023 12:44 PM
> *To:* Timothy Thomas <tt@thekey.com>; Madonna Borger <
> madonna.borger@thekey.com>
> *Cc:* Mary Bradley <mbradley@relo-strategies.com>; Fuller, Lauren @ San
> Diego <Lauren.Fuller@cbre.com>
> *Subject:* RE: Staying at 1861 Wish List
>
>
>
> We can try. I amend the doc to include it and send it back?
>
>
>
> Zach Wittenberg | Vice President
>
> *Personal Real Estate Corporation *
>
> CBRE Limited | Real Estate Advisory & Transaction Services
>
> 1021 West Hastings Street, Suite 2500 | Vancouver, BC
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-nn-ukE$>
> V6E 0C3
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-nn-ukE$>
>
> T +1 604 662 5158 | C +1 778 990 9105
>
> Zach.wittenberg@cbre.com | http://www.cbre.ca/ZW
> <https://www.cbre.ca/en/people-and-offices/zachary-wittenberg>
>
>
>
> *Connect with me on LinkedIn
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>
> *From:* Timothy Thomas <tt@thekey.com>
> *Sent:* Monday, February 6, 2023 11:09 AM
> *To:* Madonna Borger <madonna.borger@thekey.com>
> *Cc:* Wittenberg, Zachary @ Vancouver <Zachary.Wittenberg@cbre.com>; Mary
> Bradley <mbradley@relo-strategies.com>; Fuller, Lauren @ San Diego <
> Lauren.Fuller@cbre.com>
> *Subject:* Re: Staying at 1861 Wish List
>
>
>
> *External*
>
>
>
> I would still like to push for 3 months so we can correct these issues.
>
>
>
> On Mon, Feb 6, 2023 at 1:37 PM Madonna Borger <madonna.borger@thekey.com>
> wrote:
>
> Tim,
>
> What do you think?
>
>
>
> On Fri, Feb 3, 2023 at 1:21 PM Wittenberg, Zachary @ Vancouver <
> Zachary.Wittenberg@cbre.com> wrote:
>
> Hi Team – Just received the response back from the Landlord attached. Very
> quick with these independently owned buildings!
>
> Highlights:
>
>    - Came up $100/mth on rent
>    - Agreed to 2 months of free rent – but is considered basic rent as he
>    wants the op costs covered for the 2 months. Works out to $7800 total.
>    - No issue for 2 parking stalls
>    - Agreed to renewal provision
>    - Added and extra month of security deposit (total of 2 months). This
>    is likely due to ownership change of the legal entity (ie no personal
>    guarantee)
>
>
>
> I could try him on verbally for the 3rd month again to bring it to
> $11,600. But let me know your thoughts.
>
>
>
> Zach Wittenberg | Vice President
>
> *Personal Real Estate Corporation *
>
> CBRE Limited | Real Estate Advisory & Transaction Services
>
> 1021 West Hastings Street, Suite 2500 | Vancouver, BC
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-nn-ukE$>
> V6E 0C3
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-nn-ukE$>
>
> T +1 604 662 5158 | C +1 778 990 9105
>
> Zach.wittenberg@cbre.com | http://www.cbre.ca/ZW
> <https://www.cbre.ca/en/people-and-offices/zachary-wittenberg>
>
>
>
> *Connect with me on LinkedIn
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> estate insight from CBRE, click the link.*
>
>
>
>
>
> *From:* Madonna Borger <madonna.borger@thekey.com>
> *Sent:* Friday, February 3, 2023 9:52 AM
> *To:* Wittenberg, Zachary @ Vancouver <Zachary.Wittenberg@cbre.com>
> *Subject:* Re: Staying at 1861 Wish List
>
>
>
> *External*
>
>
>
> Thank you
>
>
>
> On Fri, Feb 3, 2023 at 9:43 AM Wittenberg, Zachary @ Vancouver <
> Zachary.Wittenberg@cbre.com> wrote:
>
> Ok. I’ve made the adjustment on the attached for free rent and parking.
> For Free rent, I put 2 up front (April/May) and then January 2024.
>
>
>
> I’ll send it in now.
>
>
>
> Zach Wittenberg | Vice President
>
> *Personal Real Estate Corporation *
>
> CBRE Limited | Real Estate Advisory & Transaction Services
>
> 1021 West Hastings Street, Suite 2500 | Vancouver, BC
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-nn-ukE$>
> V6E 0C3
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-nn-ukE$>
>
> T +1 604 662 5158 | C +1 778 990 9105
>
> Zach.wittenberg@cbre.com | http://www.cbre.ca/ZW
> <https://www.cbre.ca/en/people-and-offices/zachary-wittenberg>
>
>
>
> *Connect with me on LinkedIn
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>  E-communication laws have changed!  To continue receiving commercial real
> estate insight from CBRE, click the link.*
>
>
>
>
>
> *From:* Madonna Borger <madonna.borger@thekey.com>
> *Sent:* Thursday, February 2, 2023 10:16 PM
> *To:* Wittenberg, Zachary @ Vancouver <Zachary.Wittenberg@cbre.com>
> *Cc:* Fuller, Lauren @ San Diego <Lauren.Fuller@cbre.com>; Mary Bradley <
> mbradley@relo-strategies.com>; Timothy Thomas <tt@thekey.com>
> *Subject:* Re: Staying at 1861 Wish List
>
>
>
> *External*
>
>
>
> I would try for 3 months free rent and change the parking.
>
> Thanks
>
>
>
> On Thu, Feb 2, 2023 at 8:19 PM Wittenberg, Zachary @ Vancouver <
> Zachary.Wittenberg@cbre.com> wrote:
>
> Ok. Are we going with the LOI as drafted with the change just to the
> parking or..?
>
>
>
> Zach Wittenberg | Vice President
>
> *Personal Real Estate Corporation *
>
> CBRE Limited | Real Estate Advisory & Transaction Services
>
> 1021 West Hastings Street, Suite 2500 | Vancouver, BC
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!axEWjL73sMBQJMuhfnxpZr_FgT9AmzMLODbeJlcS0Ns9E4oTVxb3oRvnCjCkoh6qsNNReiaja3IcbkCfIbpV7AYAojvqO3F5$>
> V6E 0C3
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!axEWjL73sMBQJMuhfnxpZr_FgT9AmzMLODbeJlcS0Ns9E4oTVxb3oRvnCjCkoh6qsNNReiaja3IcbkCfIbpV7AYAojvqO3F5$>
>
> T +1 604 662 5158 | C +1 778 990 9105
>
> Zach.wittenberg@cbre.com | http://www.cbre.ca/ZW
> <https://www.cbre.ca/en/people-and-offices/zachary-wittenberg>
>
>
>
> *Connect with me on LinkedIn
> <https://urldefense.com/v3/__https:/www.linkedin.com/in/officespacevancouver__;!!GnpIGg!axEWjL73sMBQJMuhfnxpZr_FgT9AmzMLODbeJlcS0Ns9E4oTVxb3oRvnCjCkoh6qsNNReiaja3IcbkCfIbpV7AYAohq2grdA$>*
>
>
>
> *Stay connected!
> <http://cbreemail.com/s/b78c45952cd2d1ff4c833ffbcab11a347134b310>
>  E-communication laws have changed!  To continue receiving commercial real
> estate insight from CBRE, click the link.*
>
>
>
>
>
> *From:* Madonna Borger <madonna.borger@thekey.com>
> *Sent:* Thursday, February 2, 2023 2:11 PM
> *To:* Timothy Thomas <tt@thekey.com>
> *Cc:* Wittenberg, Zachary @ Vancouver <Zachary.Wittenberg@cbre.com>; Mary
> Bradley <mbradley@relo-strategies.com>; Fuller, Lauren @ San Diego <
> Lauren.Fuller@cbre.com>
> *Subject:* Re: Staying at 1861 Wish List
>
>
>
> *External*
>
>
>
> Yes i agree....let's see what he says
>
>
>
> On Thu, Feb 2, 2023 at 2:06 PM Timothy Thomas <tt@thekey.com> wrote:
>
> I'm ok with Zachs recommendation provided Madonna is as well.
>
>
>
> On Thu, Feb 2, 2023 at 4:44 PM Madonna Borger <madonna.borger@thekey.com>
> wrote:
>
> oh sorry forgot it was retail.
>
>
>
> On Thu, Feb 2, 2023 at 1:36 PM Wittenberg, Zachary @ Vancouver <
> Zachary.Wittenberg@cbre.com> wrote:
>
> Ok I can make the adjustment to the parking. We can make the push for an
> additional month and/or the LL may want to push the rent higher to
> accommodate the work involved similar to a TI allowance. Ie. Say the LL
> agrees to $6k for the flooring, he would expect approx. $170/mth rent
> increase over the term. We can try that route?
>
>
>
> In retail spaces, tenants are typically responsible for their own
> improvement work at their cost.
>
>
>
> Let me know.
>
>
>
> Zach Wittenberg | Vice President
>
> *Personal Real Estate Corporation *
>
> CBRE Limited | Real Estate Advisory & Transaction Services
>
> 1021 West Hastings Street, Suite 2500 | Vancouver, BC
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!axEWjL73sMBQJMuhfnxpZr_FgT9AmzMLODbeJlcS0Ns9E4oTVxb3oRvnCjCkoh6qsNNReiaja3IcbkCfIbpV7AYAojvqO3F5$>
> V6E 0C3
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!axEWjL73sMBQJMuhfnxpZr_FgT9AmzMLODbeJlcS0Ns9E4oTVxb3oRvnCjCkoh6qsNNReiaja3IcbkCfIbpV7AYAojvqO3F5$>
>
> T +1 604 662 5158 | C +1 778 990 9105
>
> Zach.wittenberg@cbre.com | http://www.cbre.ca/ZW
> <https://www.cbre.ca/en/people-and-offices/zachary-wittenberg>
>
>
>
> *Connect with me on LinkedIn
> <https://urldefense.com/v3/__https:/www.linkedin.com/in/officespacevancouver__;!!GnpIGg!f850tlUfls4pShaaUpsqlkQlndr7EBk_f1LBhBAqlsO_PJSp8Y2gTyLPqNox4fsAAyiqBkKpxcPQElcEm4ubpcdsrecIwBOb$>*
>
>
>
> *Stay connected!
> <http://cbreemail.com/s/b78c45952cd2d1ff4c833ffbcab11a347134b310>
>  E-communication laws have changed!  To continue receiving commercial real
> estate insight from CBRE, click the link.*
>
>
>
>
>
> *From:* Timothy Thomas <tt@thekey.com>
> *Sent:* Thursday, February 2, 2023 12:26 PM
> *To:* Wittenberg, Zachary @ Vancouver <Zachary.Wittenberg@cbre.com>; Mary
> Bradley <mbradley@relo-strategies.com>
> *Cc:* Fuller, Lauren @ San Diego <Lauren.Fuller@cbre.com>; Madonna Borger
> <madonna.borger@thekey.com>
> *Subject:* Re: Staying at 1861 Wish List
>
>
>
> *External*
>
>
>
> Thanks Zach,
>
>
>
> The cost of those items will definitely exceed the 10k in abatement. @Mary
> Bradley <mbradley@relo-strategies.com> What are your thoughts? Can we
> push for a third month and or invest another few thousand to complete these
> changes?
>
>
>
> Side note, I reviewed with the team and we only need two parking spaces,
> not three.
>
>
>
> On Thu, Feb 2, 2023 at 1:35 PM Wittenberg, Zachary @ Vancouver <
> Zachary.Wittenberg@cbre.com> wrote:
>
> Hi Tim – I’ve attached a simplified non-binding LOI for your review &
> approval.
>
>
>
> When I spoke with the Landlord on the below items, he was aware we’ll be
> asking for some subsidy to do these improvements. Notably, floor
> replacement, washroom upgrade and adding baseboard heat to the backroom. As
> far as the handicap accessibility – he noted that the neighboring tenant is
> in the medical assistance business so they installed the retractable ramp
> at their own cost and maintain/operate it as such.
>
>
>
> Highlights:
>
>    - 3 yr term
>    - Slightly lower monthly rent @ $5800/mth
>    - 2 months of free rent (April & December 2023) – I don’t believe he
>    is prepared to go beyond given his level of interest in the space.
>
>
>
> Happy to walk through it or if approved I will present today.
>
>
>
> Zach Wittenberg | Vice President
>
> *Personal Real Estate Corporation *
>
> CBRE Limited | Real Estate Advisory & Transaction Services
>
> 1021 West Hastings Street, Suite 2500 | Vancouver, BC
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!axEWjL73sMBQJMuhfnxpZr_FgT9AmzMLODbeJlcS0Ns9E4oTVxb3oRvnCjCkoh6qsNNReiaja3IcbkCfIbpV7AYAojvqO3F5$>
> V6E 0C3
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!axEWjL73sMBQJMuhfnxpZr_FgT9AmzMLODbeJlcS0Ns9E4oTVxb3oRvnCjCkoh6qsNNReiaja3IcbkCfIbpV7AYAojvqO3F5$>
>
> T +1 604 662 5158 | C +1 778 990 9105
>
> Zach.wittenberg@cbre.com | http://www.cbre.ca/ZW
> <https://www.cbre.ca/en/people-and-offices/zachary-wittenberg>
>
>
>
> *Connect with me on LinkedIn
> <https://urldefense.com/v3/__https:/www.linkedin.com/in/officespacevancouver__;!!GnpIGg!aycE6Wf4Yx0ZKDkgWGr_mjIN6Sw_67gAQCJZW3krq6VtDPxLIbX_6BbVMuSRC4AFDhspBkE6nii8hBfk$>*
>
>
>
> *Stay connected!
> <http://cbreemail.com/s/b78c45952cd2d1ff4c833ffbcab11a347134b310>
>  E-communication laws have changed!  To continue receiving commercial real
> estate insight from CBRE, click the link.*
>
>
>
>
>
> *From:* Timothy Thomas <tt@thekey.com>
> *Sent:* Wednesday, February 1, 2023 12:17 PM
> *To:* Wittenberg, Zachary @ Vancouver <Zachary.Wittenberg@cbre.com>
> *Cc:* Fuller, Lauren @ San Diego <Lauren.Fuller@cbre.com>; Madonna Borger
> <madonna.borger@thekey.com>
> *Subject:* Re: Staying at 1861 Wish List
>
>
>
> *External*
>
>
>
> See answers below
>
>
>
> ·  Mold in the back room and under the  office floor ( is this not a
> landlord expense?) and ensure there is heat available- replace flooring
> OK. Was there a previous leak that wasn’t remediated properly.- Water
> tank from the Salon blew about 8 years ( before my time) it was mopped up
> but never professionally dried thus the floor thus it is warping. We had
> one other minor one that also was cleaned up but not professionally dried
>
> ·  Washroom floor tile needs replacing OK
>
> ·  Heat in back boardroom needs to be fixed as its freezing all the time –
> Is this baseboard heat or ducted?- no heat at all we have always used a
> portable heater .
>
> ·  Front entrance is not handicap friendly – I’m told this is
> grandfathered. Nothing they can do about it due to the street slope.- next
> door has a ramp not sure what kind of expense that is ( it retracts etc)
>
>
>
>
>
> On Tue, Jan 31, 2023 at 8:50 PM Wittenberg, Zachary @ Vancouver <
> Zachary.Wittenberg@cbre.com> wrote:
>
> I spoke with the Landlord to try and pre-address the noted issues. He said
> he is going to the site tomorrow @ 12pm and will take a look. I have a
> couple comments below in red:
>
>    - Mold in the back room and under the  office floor ( is this not a
>    landlord expense?) and ensure there is heat available- replace flooring OK.
>    Was there a previous leak that wasn’t remediated properly.
>    - Washroom floor tile needs replacing OK
>    - Heat in back boardroom needs to be fixed as its freezing all the
>    time – Is this baseboard heat or ducted?
>    - Front entrance is not handicap friendly – I’m told this is
>    grandfathered. Nothing they can do about it due to the street slope.
>
> Likely we can get 1-3 addressed by a free rent and pushing the LL to
> perform the work.
>
> Zach Wittenberg | Vice President
>
> *Personal Real Estate Corporation *
>
> CBRE Limited | Real Estate Advisory & Transaction Services
>
> 1021 West Hastings Street, Suite 2500 | Vancouver, BC
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!axEWjL73sMBQJMuhfnxpZr_FgT9AmzMLODbeJlcS0Ns9E4oTVxb3oRvnCjCkoh6qsNNReiaja3IcbkCfIbpV7AYAojvqO3F5$>
> V6E 0C3
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!axEWjL73sMBQJMuhfnxpZr_FgT9AmzMLODbeJlcS0Ns9E4oTVxb3oRvnCjCkoh6qsNNReiaja3IcbkCfIbpV7AYAojvqO3F5$>
>
> T +1 604 662 5158 | C +1 778 990 9105
>
> Zach.wittenberg@cbre.com | http://www.cbre.ca/ZW
> <https://www.cbre.ca/en/people-and-offices/zachary-wittenberg>
>
>
>
> *Connect with me on **LinkedIn*
> <https://urldefense.com/v3/__https:/www.linkedin.com/in/officespacevancouver__;!!GnpIGg!Zi3UTOjU8_vOM06L7o2jUsR5mXtsrXz_qDFyLgbqvAmCow9A1FEkOYOxVtHmX24L6Th8HR3VkufWG0-s$>
>
>
>
> *Stay connected!*
> <http://cbreemail.com/s/b78c45952cd2d1ff4c833ffbcab11a347134b310>*
>  E-communication laws have changed!  To continue receiving commercial real
> estate insight from CBRE, click the link.*
>
>
>
>
>
> *From:* Wittenberg, Zachary @ Vancouver
> *Sent:* Tuesday, January 31, 2023 3:56 PM
> *To:* Timothy Thomas <tt@thekey.com>; Fuller, Lauren @ San Diego <
> Lauren.Fuller@cbre.com>; Madonna Borger <madonna.borger@thekey.com>
> *Subject:* RE: Staying at 1861 Wish List
>
>
>
> Thanks Tim. I can draft an LOI or I can address these with the Landlord to
> see what he’s willing to do.
>
>
>
> Zach Wittenberg | Vice President
>
> *Personal Real Estate Corporation *
>
> CBRE Limited | Real Estate Advisory & Transaction Services
>
> 1021 West Hastings Street, Suite 2500 | Vancouver, BC
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!axEWjL73sMBQJMuhfnxpZr_FgT9AmzMLODbeJlcS0Ns9E4oTVxb3oRvnCjCkoh6qsNNReiaja3IcbkCfIbpV7AYAojvqO3F5$>
> V6E 0C3
> <https://urldefense.com/v3/__https:/www.google.com/maps/search/1021*West*Hastings*Street,*Suite*2500**A7C*Vancouver,*BC*V6E*0C3?entry=gmail&source=g__;KysrKysrJSsrKys!!GnpIGg!axEWjL73sMBQJMuhfnxpZr_FgT9AmzMLODbeJlcS0Ns9E4oTVxb3oRvnCjCkoh6qsNNReiaja3IcbkCfIbpV7AYAojvqO3F5$>
>
> T +1 604 662 5158 | C +1 778 990 9105
>
> Zach.wittenberg@cbre.com | http://www.cbre.ca/ZW
> <https://www.cbre.ca/en/people-and-offices/zachary-wittenberg>
>
>
>
> *Connect with me on **LinkedIn*
> <https://urldefense.com/v3/__https:/www.linkedin.com/in/officespacevancouver__;!!GnpIGg!Zi3UTOjU8_vOM06L7o2jUsR5mXtsrXz_qDFyLgbqvAmCow9A1FEkOYOxVtHmX24L6Th8HR3VkufWG0-s$>
>
>
>
> *Stay connected!*
> <http://cbreemail.com/s/b78c45952cd2d1ff4c833ffbcab11a347134b310>*
>  E-communication laws have changed!  To continue receiving commercial real
> estate insight from CBRE, click the link.*
>
>
>
>
>
> *From:* Timothy Thomas <tt@thekey.com>
> *Sent:* Tuesday, January 31, 2023 4:00 AM
> *To:* Fuller, Lauren @ San Diego <Lauren.Fuller@cbre.com>; Madonna Borger
> <madonna.borger@thekey.com>; Wittenberg, Zachary @ Vancouver <
> Zachary.Wittenberg@cbre.com>
> *Subject:* Fwd: Staying at 1861 Wish List
>
>
>
> *External*
>
>
>
> Good morning,
>
>
>
> Below is a list of items that would need to be addressed in the existing
> space if we are to renew the lease.
>
>
>
> ---------- Forwarded message ---------
> From: *Sharon Speirs* <sspeirs@thekey.com>
> Date: Mon, Jan 30, 2023 at 5:14 PM
> Subject: Staying at 1861 Wish List
> To: Timothy Thomas <tt@thekey.com>
>
>
>
>
>
> Hi Tim
>
>
>
> As per our conversation here is a list of concerns that would need to be
> looked at as well as the wish list:)
>
>
>
> Items to be addressed at 1861 if we stay
>
>
>
>    - Mold in the back room and under the office floor ( is this not a
>    landlord expense?) and ensure there is heat available- replace flooring
>    - Washroom floor tile needs replacing
>    - Heat in back boardroom needs to be fixed as its freezing all the time
>    - Front entrance is not handicap friendly
>
> thanks so much
>
> Sharon
>
> --
>
> *Tim Thomas*
>
> Head of Canada Division
>
> *Please note my email has changed:*
>
> tt@TheKey.com <Tim.Thomas@TheKey.com>
>
> (514) 591-9387
>
> *TheKey.com*
> <https://urldefense.com/v3/__https:/www.thekey.com/__;!!GnpIGg!YtAgFiuOLtBdvQ-QG1VfYE-ZLjxhnxcGzrd0R1D8FkmqTdzw0Y5p2s72AhrfvaEjgCaymbcMmWsvYsEh$>
>
> [image: TheKey]
> <https://urldefense.com/v3/__https:/www.thekey.com/__;!!GnpIGg!YtAgFiuOLtBdvQ-QG1VfYE-ZLjxhnxcGzrd0R1D8FkmqTdzw0Y5p2s72AhrfvaEjgCaymbcMmWsvYsEh$>
>
>
>
> Details about the personal data CBRE collects and why, as well as your
> data privacy rights under applicable law, are available at *CBRE –
> Privacy Policy. <https://www.cbre.com/about/privacy-policy/policy-picker>*
>
> Vous trouverez plus d’information sur la nature et l’utilisation des
> données personnelles que collecte CBRE ainsi que sur vos droits afférents à
> la confidentialité des données en vertu des lois en vigueur en consultant
> le site Web de *CBRE à la page portant sur notre politique de
> confidentialité. <https://www.cbre.com/about/privacy-policy/policy-picker>*
>
>
>
>
> --
>
> *Tim Thomas*
>
> Head of Canada Division
>
> *Please note my email has changed:*
>
> tt@TheKey.com <Tim.Thomas@TheKey.com>
>
> (514) 591-9387
>
> *TheKey.com
> <https://urldefense.com/v3/__https:/www.thekey.com/__;!!GnpIGg!Zi3UTOjU8_vOM06L7o2jUsR5mXtsrXz_qDFyLgbqvAmCow9A1FEkOYOxVtHmX24L6Th8HR3VkoD__KPN$>*
>
> [image: TheKey]
> <https://urldefense.com/v3/__https:/www.thekey.com/__;!!GnpIGg!Zi3UTOjU8_vOM06L7o2jUsR5mXtsrXz_qDFyLgbqvAmCow9A1FEkOYOxVtHmX24L6Th8HR3VkoD__KPN$>
>
>
>
> Details about the personal data CBRE collects and why, as well as your
> data privacy rights under applicable law, are available at *CBRE –
> Privacy Policy. <https://www.cbre.com/about/privacy-policy/policy-picker>*
>
> Vous trouverez plus d’information sur la nature et l’utilisation des
> données personnelles que collecte CBRE ainsi que sur vos droits afférents à
> la confidentialité des données en vertu des lois en vigueur en consultant
> le site Web de *CBRE à la page portant sur notre politique de
> confidentialité. <https://www.cbre.com/about/privacy-policy/policy-picker>*
>
>
>
>
> --
>
> *Tim Thomas*
>
> Head of Canada Division
>
> *Please note my email has changed:*
>
> tt@TheKey.com <Tim.Thomas@TheKey.com>
>
> (514) 591-9387
>
> *TheKey.com
> <https://urldefense.com/v3/__https:/www.thekey.com/__;!!GnpIGg!aycE6Wf4Yx0ZKDkgWGr_mjIN6Sw_67gAQCJZW3krq6VtDPxLIbX_6BbVMuSRC4AFDhspBkE6nt7aSj-0$>*
>
> [image: TheKey]
> <https://urldefense.com/v3/__https:/www.thekey.com/__;!!GnpIGg!aycE6Wf4Yx0ZKDkgWGr_mjIN6Sw_67gAQCJZW3krq6VtDPxLIbX_6BbVMuSRC4AFDhspBkE6nt7aSj-0$>
>
>
>
> Details about the personal data CBRE collects and why, as well as your
> data privacy rights under applicable law, are available at *CBRE –
> Privacy Policy. <https://www.cbre.com/about/privacy-policy/policy-picker>*
>
> Vous trouverez plus d’information sur la nature et l’utilisation des
> données personnelles que collecte CBRE ainsi que sur vos droits afférents à
> la confidentialité des données en vertu des lois en vigueur en consultant
> le site Web de *CBRE à la page portant sur notre politique de
> confidentialité. <https://www.cbre.com/about/privacy-policy/policy-picker>*
>
>
>
>
> --
>
> *Tim Thomas*
>
> Head of Canada Division
>
> --
>
> *Tim Thomas*
>
> Head of Canada Division
>
> *Please note my email has changed:*
>
> tt@TheKey.com <Tim.Thomas@TheKey.com>
>
> (514) 591-9387
>
> *TheKey.com
> <https://urldefense.com/v3/__https:/www.thekey.com/__;!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-JcFJQv$>*
>
> [image: TheKey]
> <https://urldefense.com/v3/__https:/www.thekey.com/__;!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-JcFJQv$>
>
>
>
>
> --
>
> *Tim Thomas*
>
> Head of Canada Division
>
> *Please note my email has changed:*
>
> tt@TheKey.com <Tim.Thomas@TheKey.com>
>
> (514) 591-9387
>
> *TheKey.com
> <https://urldefense.com/v3/__https:/www.thekey.com/__;!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-JcFJQv$>*
>
> [image: TheKey]
> <https://urldefense.com/v3/__https:/www.thekey.com/__;!!GnpIGg!cyoaorBDDr0BlZ4Z-Q5Y7YoLEQ7ujpnujnfSFgZwQAyaCeaQyLym_jgpRqF2M9m147LXZcdlalbCDDMzzMjkU2glL-JcFJQv$>
>
>
>
> Details about the personal data CBRE collects and why, as well as your
> data privacy rights under applicable law, are available at *CBRE –
> Privacy Policy. <https://www.cbre.com/about/privacy-policy/policy-picker>*
>
> Vous trouverez plus d’information sur la nature et l’utilisation des
> données personnelles que collecte CBRE ainsi que sur vos droits afférents à
> la confidentialité des données en vertu des lois en vigueur en consultant
> le site Web de *CBRE à la page portant sur notre politique de
> confidentialité. <https://www.cbre.com/about/privacy-policy/policy-picker>*
>
> Details about the personal data CBRE collects and why, as well as your
> data privacy rights under applicable law, are available at *CBRE –
> Privacy Policy. <https://www.cbre.com/about/privacy-policy/policy-picker>*
>
> Vous trouverez plus d’information sur la nature et l’utilisation des
> données personnelles que collecte CBRE ainsi que sur vos droits afférents à
> la confidentialité des données en vertu des lois en vigueur en consultant
> le site Web de *CBRE à la page portant sur notre politique de
> confidentialité. <https://www.cbre.com/about/privacy-policy/policy-picker>*
>