PA12451 Purchase Agreement For Large Single User Tenant To Acquire New Build To Suit Distribution Center
This form is a real estate purchase contract for a build to suit large distribution center that will be occupied by a single user following completion of the improvements. The purchaser was previously a tenant in the seller's development, but is now purchasing a new distribution center facility built by its former landlord.
This purchase agreement has a series of exhibits that refer to the plans and specifications of the the new improvements to be constructed by the seller. Note that the purchase under the agreement is subject to the seller's acquisition of the parcel, which the seller does not yet own. The seller is responsible for the base building improvements and building shell, and for the first $600,000 of the cost of the tenant improvements for the facility (with the buyer to pay any excess).
Number of Single Spaced Pages: 28
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