Clear Secure signs 15-year lease for ~120k sq ft NYC headquarters; landlord contributes $18.3M

Clear Secure, Inc.

Lease for ~120,000 sq ft at 85 Tenth Avenue, NYC, as corporate headquarters.
15-year term; rent abatement: 16 months plus additional through Feb 2027 covering prior lease.
Landlord contributes up to $18,297,770 for tenant's initial alterations.
Commencement later of Oct 1, 2022 or delivery of fully improved premises.
Option to renew for one 5- or 10-year term at fair market value.

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