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6C(2) Letter of Intent
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6C(2) Letter of Intent
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11/30/2010 4:43:40 PM
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CBRE <br />CB RICHARD ELLIS <br />November 29, 2010 <br />South Bend Redevelopment Commission <br />1200 County-City Building <br />227 W. Jefferson Blvd <br />South Bend, IN 46601 <br />RE: Letter of Intent to Lease space at 123 S. Michigan Street <br />Dear Debrah and Don: <br />101 N. Michigan Street <br />Suite 300 <br />South Bend, IN 46601 <br />574-237-6000 <br />574-237-6001 Fax <br />www.cbre.com/southbend <br />Below, please find an outline reflecting the terms the UAN Cultural & Creative Art <br />Gallery is prepared to proceed with Lease negotiations at the above referenced location. <br />TENANT: UAN Cultural & Creative, Ltd <br />BUSINESS USE: An international art gallery and sales of related <br />products used to promote cultural exchange and <br />awareness. <br />PROPERTY: former Cort Furniture <br />123 S. Michigan Street <br />South Bend, IN 46601 <br />PREMISES: 1,530 Square Feet located between LePeep and <br />Spark Design Studio in the Michigan Street Shops <br />at the address specified above. <br />TERM: One (1) year and two (2) months, commencing 60 <br />days after Lease execution and Tenant's possession, <br />which is estimated to be January 15, 2011. <br />RENT ABATEMENT: Tenant shall have 60 days of abated rent after lease <br />execution and Landlord Delivery to complete set- <br />up, Tenant Improvements, re-modeling, etc. <br />RENEWAL OPTION: Provided Tenant is not in default of any of the terms <br />of the Lease, Tenant shall have the two (2), one (1) <br />
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