EMAIL DETAILS

I like the space alot as well. Between this space and potentially the back
of the current office, this should be support to support RSA and Vide in
whatever form Vide will take.

I will make sure to put a loud talking sales person adjacent to RHB's
office, a Navy Veteran who worked on the air deck of a carrier who is likely
hard of hearing and like to do all his calls on speaker phone.

I found this on the building from about a year ago where they were publicly
listing space between $26-$35 a square foot, the $5k a month for 1500 SQFT
is $40 a square foot. With the Commercial market down from last year, we
should be negotiating for $30 a square foot or around $3,750 a month. We
should also not do a new lease, but amend it to the term of the current
lease with no additional down payment, plus a build out - see attached
listing.

After the call on Tuesday we should have a better idea, but seems like a
good move to lock it up.

Best,

Neil


On Fri, Aug 27, 2010 at 5:06 PM, Eric Schwerin <eschwerin@rosemontseneca.com
> wrote:

> It looks like the space next door is available. Rushmypassport.com was
> subletting from Blue Mercury and Blue Mercury's lease expires in November.
> In November, Blue Mercury will probably renew their lease but relinquish
> the space next door to the building to lease separately and it will go back
> on the market. Our landlord knows that we are interested and I am told will
> let us know if anyone else is interested.
>
> It is kind of pricey. It is 1500 Sq Feet (doesn't seem that large) and
> renting for about $5000 a month. I think we may be able to negotiate them
> down a little - although we may be able to get them to throw in renovations
> at the asking price. I find it hard to believe that that space will be
> useful to a lot of people. Alone, it is not the most well designed space,
> but works really well as an add on to ours.
>
> Bottom line, we think we should grab it - we can always sublet if we need
> to, but it won't probably be available for occupancy until November at the
> earliest.
>
>
>
> Eric D. Schwerin
> Rosemont Seneca Partners, LLC
> 1010 Wisconsin Ave., NW
> Suite 705
> Washington, DC 20007
> (202) 333-1880
> eschwerin@rosemontseneca.com
> *P** **Consider the environment before printing this email.*
>
>


--
Neil Callahan
Rosemont Seneca Partners
917-945-951