Shopping Center. The Shopping Center will be developed, owned, and operated as Springfield Commons, a mixed-use development consisting of a Marriott Towne Place Suites hotel, and anticipated to include a gasoline/convenience store, one (1) or two (2) outparcels, and numerous retail stores and restaurants totaling approximately 150,000 SF. The retail stores will be comprised of two (2) to three (3) buildings between 20,000 SF and 120,000 SF each. The retail/restaurant tenants within the Springfield Shoppes will operate under net lease agreements whereby the tenant is metered separately for utilities, will have its own HVAC and mechanical systems and pay for utilities, janitorial, and waste removal. Any costs and expenses paid directly by the Tenants within leasehold premises are not included as CAM expenses.
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Sources: Shopping Center Lease (Fast Casual Concepts, Inc.), Shopping Center Lease (Fast Casual Concepts, Inc.)