OTHERAPPROVED

Port Approves 10-Year Lease With Maritime Institute

The Port of Everett Commission approved a 10-year commercial lease with Training Resources Limited, Inc. dba Maritime Institute for 4,346 square feet of indoor space and 1,500 square feet of outdoor area, projected to generate $1,170,886.47 in rent. The lease includes tenant improvement allowances, broker commissions to Broderick Group, and about $500,000 in landlord building residing work, with a five-year renewal option.

Document date · July 11, 2023

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Scope & details

The full contract record, as filed.

Contract amount
$1,170,886.47 over ten-year term; $8,127.31 security deposit; $152,110 tenant improvement allowance plus $86,920 additional allowance; $18,561 leasing commissions; approximately $500,000 landlord work
Contract type
OTHER
Contract term
Initial 10-year term with one 5-year renewal option
Renewal
Tenant holds one five-year renewal option at the end of the initial 10-year term; rent escalates 4% annually during the initial term.
Document type
Minutes
Source document
Everett Port Commission Meeting Minutes July 2023

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Port Of Everett?

Training Resources Limited Inc Dba Maritime Institute was awarded this government contract by Port Of Everett, as recorded on July 11, 2023. The contract value is $1,170,886.47 over ten-year term; $8,127.31 security deposit; $152,110 tenant improvement allowance plus $86,920 additional allowance; $18,561 leasing commissions; approximately $500,000 landlord work.

How much is the Training Resources Limited Inc Dba Maritime Institute contract with Port Of Everett worth?

The Training Resources Limited Inc Dba Maritime Institute contract with Port Of Everett is valued at $1,170,886.47 over ten-year term; $8,127.31 security deposit; $152,110 tenant improvement allowance plus $86,920 additional allowance; $18,561 leasing commissions; approximately $500,000 landlord work.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Everett Port Commission Meeting Minutes July 2023 (Minutes), dated July 11, 2023 from Port Of Everett. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Training Resources Limited Inc Dba Maritime Institute hold?

Training Resources Limited Inc Dba Maritime Institute may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Training Resources Limited Inc Dba Maritime Institute's profile

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