Form 6-4: Proposal to an Anchor Retailer That Has Constructed an Initial "Free-Standing" Store and Limited Shops on a Portion of a Land Parcel Owned by the Retailer.
Developer Proposes to Purchase the Entire Parcel, Less the Land Area Attributable to the Anchor’s Retail Operations, Subject to Developer’s Ability to (i) Add a Second Anchor Tenant and (ii) Build Additional Shops and Pads, Consistent with Specified Amendments to an Existing, Approved Site Plan
(5 pages)
$20
Form addresses:
-
General approach and proposed additional major tenant. Developer proposes to revise existing site plan, obtain amended site plan approvals, negotiate a parcel sale to other major co-tenant and build out remainder of the site consistent with Outline of Site Purchase Specifics.
-
Net site purchased.
-
Closing.
-
Purchase price.
-
Contingencies: co-anchor parcel sale; escrow extension payments, title approval and an array of other contingencies relating to specific buildable areas of proposed shop buildings and outparcels; parcel map recordation.
-
Brokers and finders.
-
Entry license and marketing signs.
-
Non-binding proposal.
-
Time limit on proposal.