Old Gettysburg Associates 4718 Gettysburg Road Mechanicsburg, PA 17055 First Addendum to Lease Agreement
Exhibit 10.64
Old Gettysburg Associates
4718 Gettysburg Road
Mechanicsburg, PA 17055
First Addendum to Lease Agreement
This First Addendum is made as of the 23rd day of February, 2012 by and between Old Gettysburg Associates a (Landlord), and Select Medical Corporation a (Tenant).
BACKGROUND:
A. | Landlord and Tenant are parties to that certain Office Lease Agreement dated October 5, 2006 pursuant to which Landlord leased to Tenant, and Tenant leased from Landlord, approximately 1,606 rentable square feet of space known as Suite 201 in the building located at 4718 Gettysburg Road, Mechanicsburg, Pennsylvania. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Lease. |
B. | Landlord and Tenant now desire to amend the Lease as hereinafter set forth. |
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and intending to be legally bound hereby, Landlord and Tenant agree as follows:
Effective March 1, 2012 the following terms contained in the Basic Lease shall be amended as follows:
1. | The lease shall be extended from March 1, 2012 and ending December 31, 2014. |
2. | The beginning rate on March 1, 2012 shall be $21.00 per RSF, full service. |
3. | Annual increases shall be 3%. |
All other terms and conditions contained in the Lease and not amended hereby remain in full force and effect.
IN WITNESS WHEREOF, Landlord and Tenant have caused this First Addendum to be duly executed.
Landlord: Old Gettysburg Associates | ||
By: | /s/ John M. Ortenzio | |
John M. Ortenzio, President | ||
Select Capital Commercial Properties, Inc. as property manager | ||
Date: February 28, 2012 |
Tenant: Select Medical Corporation | ||
By: | /s/ Michael E. Tarvin | |
Michael E. Tarvin | ||
(Print name) | ||
Title: Executive Vice President, General Counsel and Secretary | ||
Date: February 28, 2012 |