Gateway Development Area Office Building

This contract is for a ground lease agreement between the Hillsborough County Aviation Authority and JO TPA Office 270, LLC for the development of a Class A office building at Tampa International Airport. The lease term is for 4 years, and the vendor will develop the building and lease it back to the authority. The contract includes provisions for the vendor's improvements, authority's improvements, and the responsibilities of both parties. The contract value is estimated to be $27,680,711.82. Key aspects of the contract include the development of a 270,000 square foot office building, the authority's purchase of the building at a future date, and the vendor's responsibility for constructing and maintaining the building.