Title
Adoption of Resolution Authorizing the Interim City Manager to Execute the Second Amendment to Consent to Sublease 8,000 Rentable Square Feet of Building 167, Located 1500 Ferry Point, between Matson Navigation Company, Inc. a Hawaii Corporation, as Sublandlord, and Mary Susan Ubbelohde, dba as Loisos+Ubbelohde, as Subtenant. 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) and 15061(b)(3) (Common Sense Exemption). (Base Reuse and Economic Development 29061822, 2916822)
Body
To: Honorable Mayor and Members of the City Council
From: Adam Politzer, Interim City Manager
EXECUTIVE SUMMARY
Matson Navigation Company, Inc., a Hawaii Corporation, (Matson) leases and occupies Building 167, locate at 1500 Ferry Point Road (Building 167) in Alameda Point from the City of Alameda (City). Matson is requesting the City's consent, as Landlord, to continue an existing sublease arrangement with their subtenant, Mary Susan Ubbelohde, dba Loisos+Ubbelohde (Loisos+Ubbelohde) for 8,000 rentable square feet within Matson's leased premises. The Second Amendment to Consent to Sublease (Exhibit 1) approves the extension of the term of Loisos+Ubbelohde's sublease to align with Matson's master lease term through November 2030. The City provided consent for Matson's original sublease with Loisos+Ubbelohde in 2020. Staff requests that City Council authorize the Interim City Manager to execute the Second Amendment to Consent to Sublease.
BACKGROUND
Matson has been an Alameda Point tenant since 2006. Matson's 10-year lease for Building 167, which commenced on December 1, 2015 (the "Lease" or "Master Lease"), contained two five-year renewal options. Matson has exercised its first renewal option, and on September 18, 2025, the City and Matson entered into the First Amendment to the Lease which extended the term of the Lease thro...
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