jeffrey bower. i am the port's leasing manager. given the time i will try to make this a brief presentation. east street san francisco has been declared the most qualified. we've come to agreement on a lease and the lease provides for a term of 15 years with one five year option. they exercised the option. there is a market rate adjustment to the minimum rent. the lease provides for an annual increase of 3%. there is a requirement for an investment development in core shell and tenant improvements in the amount of $2 million. those are the sole cost of the expense of the tenant and provides for a rent abatement period when no rent is paid for nine months for the improvements and one time rent credit for core and shell improvements. this lease is subject to the board of subject to the board of supervisors' approval and they anticipate sales of $2.3 million and translates to $14,000 per month. the investment translates to net investment of $450 a month i believe per square foot which is very good investment, and john cane and sara ca