Pasadena Unified School District Resolution 2895 2026-06-25
Lessee Broker Commission Proposed for Linda Vista Lease
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Description
As part of Park IV Group’s proposed ground lease for the Linda Vista site, Adam Peterson of CBRE is designated as the lessee’s broker entitled to share in a 4% commission on the first 25 years of lease payments. The commission would be funded by the developer if a binding lease is executed.
Contract Details
Contract Amount
Portion of a 4% commission on cumulative first 25 years of ground lease payments (shared with CBRE’s lessor-side broker)
Vendor
PETERSON, ADAM CBRE
Agency
Pasadena Unified, CA
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 25, 2026
Contract Term
Commission calculated on first 25 years of anticipated 99-year ground lease
Renewal Info
Commission is a one-time arrangement associated with an initial lease; no renewals or extensions are described.
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