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GLA and dedicated shaft area

Walter Peter, III
First Atlantic Propeties Company
May 27, 2015

We're finishing a 2-story building with retail on the first and office on the second floors.

To qualify as a shopping center the area allocated to office had to equal or be less than the retail area. This was done by creating a 4' wide shaft running the length of the second floor (180' ) and extending to the building roof. The only use of the shaft is to bring RTU ductwork to the ground floor retail units.

Should this shaft area be included in the GLA for the retail?


David Fingret
Extreme Measures Inc.
June 24, 2015

No, the shaft is a Major Vertical Penetration and therefore excluded from Gross Leasable Area.

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