GCM Grosvenor extends HQ lease to 2037, terminates ~40k sq ft, receives $8M TI allowance

GCM Grosvenor Inc.

Lease term extended 11 years from Oct 2026 to Sept 2037 for 72,738 rentable square feet; initial monthly base rent $151,537.50.
Tenant to early terminate ~40,458 rentable square feet on floors 9, 17, 20 by Sept 2026 at total termination fee up to $331,821.92.
Twelve-month rent abatement after early termination and tenant improvement allowance of $8,001,180 ($110/sq ft) for remaining premises.
Tenant has one-time option to terminate entire lease effective Sept 30, 2032 for a termination fee.
Stephen Malkin, a board member, and certain family members hold an economic interest in the landlord, per proxy statement.

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