Philadelphia Authority for Industrial Development AgendaPacket Board Meeting 2026-06-16
36-Month Office Lease Approved for HKA Enterprises at Navy Yard
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Description
The Philadelphia Authority for Industrial Development approved a 36-month lease agreement with HKA Enterprises, LLC for 1,346 square feet at the Philadelphia Navy Yard. The lease is triple net at $25.00 per square foot, with annual escalations and initial rent abatement.
Contract Details
Contract Amount
$25.00 triple net for 1,346 sq ft, escalates 3% annually, first 3 months abated
Vendor
HKA ENTERPRISES LLC
Agency
Philadelphia Industrial Development Authority, PA
Contract Type
FACILITIES
Document Date
June 16, 2026
Contract Term
36 months
Renewal Date
2029-06-16
Renewal Info
Initial term is 36 months; escalation after year one; first three months abated. Renewal terms not specified.
Issuing Agency
Philadelphia Industrial Development Authority
Special District
Philadelphia, PA
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