Financial- Allan Brothers Coffee

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~ an excellent location for a full service restaurant with an inside and outside eating area. This space would be directly across the street from the Court House. Of~ce: Located on the third or fourth floor will be full service space options, with a net rentable area of 1,000 to 35,000 square feet. Up to 55,000 square feet may be available which will be located on one or two floors. Given the superior location and amenities that this site has to offer, (especially with the highest ratio of on site, covered parking), and the fact that this $30 million project will be the largest project in the history of Salem, it is my opinion that is will be a Salem Landmark. Please understand that over the next four weeks that the lease space offering, will be on a first come first serve basis and that the Developer will have the final review and approval of all proposals. I will put a priority on those who will create a compatible environment for all tenants and support the highest level of success for the future of Courthouse Square. Rental Terms & Conditions Rental Rate: Retail: $1.85 to $2.00 per sf. With a parking allowance of 1.5 per/ 1,000 sf. (Full Service, excluding janitorial.) Office: $1.45 to $1.60 (Full Service, excluding j anitorial / common area charges.) Parking ratio of 3 to 4 per/ 1,000 sf. The final rate will be based on 1999 rent. A letter of commitment will be signed at 1997 rental rates with a C.P.I. index. Parking: Is available on site in an underground parking structure. It will be based on a count of three to four per 1,000 NSF, for office users. This is higher then any other facility offers downtown. Class: The building will have a class A rating. Tenant Improvements: Retail is based at $10.00 sf. and office is based on a$25.00 per square foot TI allowance. A higher allowance~is available based on the term and rate of the lease. Court Yard: