Form 6-4: Proposal to an Anchor Retailer That Has Constructed an Initial "Free-S
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
Proposal Form addressing:
- 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.
- 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.