Title
Introduction of Ordinance Authorizing the City Manager to Execute a Fourth Amendment to the Lease with Williams-Sonoma, Inc., a Delaware Corporation, Acting for and on Behalf of Williams-Sonoma Stores, Inc., a California Corporation, for Building 169, Suite 102, Located 1680 Viking Street, Alameda, CA, Extending the Term of the Lease for an Additional 12 Months with No Extension Option.
In accordance with the California Environmental Quality Act (CEQA), this action is categorically exempt from further environmental review pursuant to CEQA Guidelines Section 15301 (Existing Facilities). (Community Development 29061822)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
This action introduces an ordinance authorizing a fourth amendment to the lease with Williams-Sonoma, Inc. (Williams-Sonoma) for Building 169, Suite 102, including approximately 43,355 square feet of rentable space (Premises, Exhibit 1), located at 1680 Viking Street at Alameda Point used for retail sale of home furnishings and embellishments. The amendment retroactively extends the term of the lease for an additional 12 months, terminating on April 30, 2024, with no extension option. The monthly base rent for the 12-month term is $30,348.50.
BACKGROUND
Williams-Sonoma is a Delaware corporation operating numerous retail stores under a portfolio of brands that include Williams-Sonoma, Williams-Sonoma Home, Pottery Barn, Pottery Barn Kids, PBTeen, West Elm, Mark and Graham, and Rejuvenation. Founded in 1956, in Sonoma, California, it is a multi-channel specialty retailer of high-quality home products and one of the largest e-commerce retailers in the United States.
Williams-Sonoma entered into a license agreement with the City of Alameda (City) on May 12, 2016. That license was replaced by a lease entered into on March 16, 2017 (Lease, Exhibit 2) under which Williams-Sonoma currently occupies the Premises. Williams-Sonoma uses th...
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