1. Preferred Location: The geographic location of the proposed space should be within the City of Petersburg. 2. Space Requirement Type / Size: The Tenant has a need for approximately 17,500 usable square feet of office, retail, or medical space. See Exhibit D for conceptual space program needs. 3. Base Rental Rate: The Commonwealth prefers the proposer to offer a flat, full service rental rate for the lease term and any option terms. 4. Lease Term: Requested Lease term: 60 or 120 months. 5. Lease Commencement: Tenant seeks occupancy in the third or fourth quarter of 2026. 6. Options to Extend: Tenant requests two (2), five (5) year options to renew the lease upon six (6) months’ notice to landlord. Options shall be at ninety-five (95%) of the prevailing market rate for similar premises, considering allowances and other incentives, not to exceed 102% of the then-current base rent. All options shall include a refurbishment allowance for at minimum new carpet/flooring and paint. 7. Parking: Parking should be in close proximity to the leased premises and all costs associated with parking must be included in the rent. The Tenant seeks 111 parking spaces. 8. Signage: Specify interior and exterior signage rights available to Tenant, including building, monument, lobby, and suite signage...
