Good news folks!
KEvin
________________________________
From: Julie Hoppenstein <julie@xxxxxxxxxxxxxxx>
Sent: Friday, December 23, 2016 10:04 AM
To: Kevin Ames
Cc: Justin Dion
Subject: Re: Fw: Re: Dallas Games Marathon Lease (Towne Square Suite 530)
OK, we can agree to the changes about the late fees (paragraph 3) and the
deletion of the paragraph in number 14
paragraph 6 he wants to keep that part in but add " subject to the 50/50 cost
for repairs or replacement that are aver $500"
On Thu, Dec 22, 2016 at 1:57 PM, Kevin Ames
<k_ames@xxxxxxxxxxx<mailto:k_ames@xxxxxxxxxxx>> wrote:
I'm adding our counsel so he can add information. I'll go through our reasons
for the changes and maybe we can figure out a different way so we can get a
win-win.
Paragraph 3) We are concerned that if a check gets lost in the mail type of
situation. It is currently on us to follow up with you every day to see if you
received it. We need some sort of notification that if we in good faith make a
payment but you don't receive it that we have some coverage, especially since
the only way to make a payment is via mail to a PO Box in Waco. I'd hate to
have to send a check every month signature required since it adds time and
hassle on both our side and yours. Let me know if you have a better solution.
Paragraph 6) This is a direct contradiction with the 50/50 split. So if you
want to fix this paragraph with the 50/50 language, then that's fine with us.
Paragraph 14 A) This paragraph contains onerous penalties. You already have
many recourses if a default were to occur and we don't feel that the penalties
and costs in this paragraph are warranted. We have been a good tenant in this
space for 5 years and have been happy with it so we are asking for some leeway
here. We're also concerned about the sign requirement. That is a new
requirement that we currently don't have and the cost of a new sign is pretty
large considering our budget constraints. Since we are a not for profit
organization and we are ALL volunteers, the cost of a new sign I'm assuming
would be in the thousands and we do not have that budget available especially
with the increase in rent.
Let me know your thoughts on these issues and how we can come to a mutual
agreement with them.
KEvin
________________________________
From: Julie Hoppenstein <julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>>
Sent: Thursday, December 22, 2016 1:42 PM
To: Kevin Ames
Subject: Re: Fw: Re: Dallas Games Marathon Lease (Towne Square Suite 530)
Hi Kevin,
We can agree to everything besides:
paragraph 3 - Notwithstanding the foregoing, Landlord shall waive the first
late fee accrued by Tenant in any calendar year, so long as Tenant pays all
rents due in full within ten (10) days after written notice of same provided by
Landlord.
paragraph 6- the part you crossed out
paragraph 14 A. the entire paragraph you crossed out.
If everything else is okay, I will revise and send to you again thru docusign,
Thanks!
On Tue, Dec 20, 2016 at 10:58 PM, Kevin Ames
<k_ames@xxxxxxxxxxx<mailto:k_ames@xxxxxxxxxxx>> wrote:
Please see attached a red line copy of your lease. Let me know if there are
any issues you need more clarification on.
Thanks,
KEvin
________________________________
From: Julie Hoppenstein <julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>>
Sent: Wednesday, December 14, 2016 3:26 PM
To: Kevin Ames
Subject: Re: Fw: Re: Dallas Games Marathon Lease (Towne Square Suite 530)
Sure. Please see attached is the word version.
Thanks!
On Wed, Dec 14, 2016 at 1:11 PM, Kevin Ames
<k_ames@xxxxxxxxxxx<mailto:k_ames@xxxxxxxxxxx>> wrote:
Thanks for the lease. We have a couple of things that we'd like to work on.
Can we get a Word version so we can track changes and start a discussion on
terms?
Thanks,
KEvin
________________________________
From: Julie Hoppenstein <julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>>
Sent: Monday, December 12, 2016 2:10 PM
To: Kevin Ames
Subject: Re: Fw: Re: Dallas Games Marathon Lease (Towne Square Suite 530)
Kevin,
Sorry about that, today or tomorrow.
Thanks!
On Mon, Dec 12, 2016 at 2:08 PM, Kevin Ames
<k_ames@xxxxxxxxxxx<mailto:k_ames@xxxxxxxxxxx>> wrote:
Do you have an ETA for this? I want to make sure we have time to review it and
get this taken care of before the end of the year.
Thanks,
KEvin
________________________________
From: Julie Hoppenstein <julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>>
Sent: Thursday, December 1, 2016 11:23 AM
To: Kevin Ames
Subject: Re: Fw: Re: Dallas Games Marathon Lease (Towne Square Suite 530)
Hi Kevin,
Yes, I will send you a proposed contract soon. Thank you!
On Mon, Nov 28, 2016 at 12:54 PM, Kevin Ames
<k_ames@xxxxxxxxxxx<mailto:k_ames@xxxxxxxxxxx>> wrote:
Hi, I'm Kevin Ames. Kevin McKenzie and I met with Mr. Hoppenstein a couple of
months ago and we all agreed to new lease terms of $2,250/month for a 5 year
lease.
I'll be taking over from Kevin McKenzie starting in January so I'll be the one
to sign the new lease. Can we get the new lease documents with these terms to
review? The corporate name on the lease will need to be "DFW Board Games, LLC".
Thanks,
KEvin
President,
DFW Board Games, LLC
________________________________
From: Kevin McKenzie <kevin@xxxxxxxxxxxxxxxx<mailto:kevin@xxxxxxxxxxxxxxxx>>
Sent: Thursday, November 3, 2016 8:30 AM
To: Kevin Ames
Subject: Fwd: Re: Dallas Games Marathon Lease (Towne Square Suite 530)
Here is Julie's email.
julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>
-------- Forwarded Message --------
Subject: Re: Dallas Games Marathon Lease (Towne Square Suite 530)
Date: Tue, 16 Feb 2016 16:33:07 -0600
From: Julie Hoppenstein <julie@xxxxxxxxxxxxxxx><mailto:julie@xxxxxxxxxxxxxxx>
To: Kevin McKenzie
<kevin@xxxxxxxxxxxxxxxxxxxxxxx><mailto:kevin@xxxxxxxxxxxxxxxxxxxxxxx>
I am sorry Kevin, I have spoken to him about the issue and he is very busy and
pays me to discuss things with tenants on his behalf. He just believes that the
space is worth a lot more than what you are paying.
On Tue, Feb 16, 2016 at 11:42 AM, Kevin McKenzie
<kevin@xxxxxxxxxxxxxxxxxxxxxxx<mailto:kevin@xxxxxxxxxxxxxxxxxxxxxxx>> wrote:
Unfortunately there is no way we can support double the rent in the same space.
We sent you the financials so you can see that we are running at little to no
margin.
I would like to meet with Mr Hoppenstein before we go our separate ways.
Can you let me know if he would be willing to meet with me and when would be a
good time.
Thanks
Kevin McKenzie
On 2/16/2016 11:41 AM, Julie Hoppenstein wrote:
Kevin,
No, that price is only for the suite y'all are in now. I'm sorry, that is just
what he wants to do. He will pay for 2 new units if they are in that bad of
shape.
Thanks
On Tue, Feb 16, 2016 at 11:14 AM, Kevin McKenzie
<kevin@xxxxxxxxxxxxxxxxxxxxxxx<mailto:kevin@xxxxxxxxxxxxxxxxxxxxxxx>> wrote:
Does that include the additional 530A space or just the space we have?
If it is just the space we have there is no way for us to increase our income
sufficient to absorb doubling the rent.
Even if it does include the additional space it will be a significant stretch
for us to cover that much additional rent.
Also there are 2 AC units an 8 ton and a 12 ton. for the facility.
Thanks
Kevin McKenzie
On 2/16/2016 10:20 AM, Julie Hoppenstein wrote:
Hi Kevin,
I received your email. Thank you for all the information you provided. I went
over everything with Mr. Hoppenstein and unfortunately, he does not approve of
the proposal. He would like to renew at $3,000/mo for 3yrs, and he would
replace the old AC unit.
Thanks
On Mon, Feb 15, 2016 at 11:50 AM, Kevin McKenzie
<kevin@xxxxxxxxxxxxxxxxxxxxxxx<mailto:kevin@xxxxxxxxxxxxxxxxxxxxxxx>> wrote:
If the original email does not get to you please let me know (I attached a
number of pictures and it may be to large). If it does not make it I can put
the files in a drop box so you can download them.
Thanks
Kevin Mckenzie
On 2/15/2016 11:44 AM, Kevin McKenzie wrote:
Hello Julie,
Thanks for taking time to talk to me on the phone about our lease.
Here is the information we discussed in addition to the extra information I
said I would send to you.
Dallas Games Marathon has been leasing Suite 530 at the Towne Square Shopping
center on 930 West Parker Rd, Plano, TX 75075 sor coming up on 5 years now.
2011 - Initial Lease - Month to Month with the ability to cancel with 30 days
writing by either party leased at $500/Month
2012 - 1 Year Lease @ $1,000/Month. During the end of this lease the property
was foreclosed on and sold to a new owner
2013-2016 - 3 year lease @1,500/Month. Ends December 31st 2016
When we initially leased the facility it was in very bad shape. It had not been
leased for a while and had suffered water damage from frozen pipes, had mold
issues and electrical issues. In addition the space had been used to take parts
from to fix other locations in the property so it was missing door hinges,
ceiling tiles, electrical switches & outlets, Handicap rails in the bathrooms
and other minor issues.
When we leased the space we fixed the water damage, mold issues and electrical
issues. We also replaced all the missing pieces (Hinges, Ceiling Tiles,
outlets, switches, wall plates and handicap rails in the bathrooms.
We also painted and carpeted the facility as well as brought the exits and
signs up to code (Panic Hardware - Fire Rated) (which was more normal move in
stuff)
During our past 4+ years in the facility we have done the following repairs &
Maintenance
Replaced AC Compressor on the main 12 ton AC Unit
Fixed crack in a common sewer line that runs between the 530 and 510 suite and
is used bu other suites
2 times we had a plumbing company clear out the main sewer lines that run
outside of the back of our suite
Pressure washed the sidewalk & parking spaces.
The pictures 100_5500 - 100_5522 were the facility as it was when we took it
over.
The other pictures are after we fixed up the facility.
Th attached spreadsheet shows our finances for 2012 - 2015
As discussed We would like to propose the following:
3 to 5 year lease @2,000/Month and include the 530A suite to be recombined back
with 530.
We want to do this to move the entrance to the side with the larger parking
area and because a partner company may be renting suite 510 so that during
events we can share facilities easier.
By getting either a 3 or 5 year lease we will take on the expense of doing the
following:
* Put up a sign that complies with the requirements of the property
* Redo the flooring and walls in the bathrooms and break room
* Remodel and bring up to code suite 530A when it is combined back with 530.
Concerns we have:
* AC units are 17 years old. Depending on when and how they fail we would
not be able to replace or repair them
* Certificate of Occupancy requirements for single meter for the facility.
This may impose a large expense to combine the facilities)
* Currently Suite 510 has some electrical and AC run from our suite 530 -
This was just recently discovered. This may not be an issue if Suite 510 is
rented by the partner company discussed earlier since they would redo the
electrical and AC to come up to code for Cert of Occupancy
In conclusion, we have enjoyed the facility and have grown over the years to
expand beyond just the board gaming events. We have a great community of people
that regularly attend the events and frequent the other stores in the center.
I would love to meet with you and the other members of the leasing team to show
the facility and discuss what we do for the community.
Thanks
Kevin McKenzie
214-552-4053<tel:214-552-4053> - Cell
kevin@xxxxxxxxxxxxxxxxxxxxxxx<mailto:kevin@xxxxxxxxxxxxxxxxxxxxxxx>
www.DallasGamesMarathon.com<http://www.DallasGamesMarathon.com>
This email has been sent from a virus-free computer protected by Avast.
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--
Julie Hoppenstein,
Leasing/Property Manager
Hoppenstein Properties Inc.
julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>
(972) 931 4000 phone
(972) 692 7322 fax
http://hoppenstein.com
This email has been sent from a virus-free computer protected by Avast.
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Julie Hoppenstein,
Leasing/Property Manager
Hoppenstein Properties Inc.
julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>
(972) 931 4000 phone
(972) 692 7322 fax
http://hoppenstein.com
This email has been sent from a virus-free computer protected by Avast.
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Julie Hoppenstein,
Leasing/Property Manager
Hoppenstein Properties Inc.
julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>
(972) 931 4000 phone
(972) 692 7322 fax
http://hoppenstein.com<http://hoppenstein.com/>
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Julie Hoppenstein,
Leasing/Property Manager
Hoppenstein Properties Inc.
julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>
(972) 931 4000 phone
(972) 692 7322 fax
http://hoppenstein.com<http://hoppenstein.com/>
--
Julie Hoppenstein,
Leasing/Property Manager
Hoppenstein Properties Inc.
julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>
(972) 931 4000 phone
(972) 692 7322 fax
http://hoppenstein.com<http://hoppenstein.com/>
--
Julie Hoppenstein,
Leasing/Property Manager
Hoppenstein Properties Inc.
julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>
(972) 931 4000 phone
(972) 692 7322 fax
http://hoppenstein.com<http://hoppenstein.com/>
--
Julie Hoppenstein,
Leasing/Property Manager
Hoppenstein Properties Inc.
julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>
(972) 931 4000 phone
(972) 692 7322 fax
http://hoppenstein.com<http://hoppenstein.com/>
--
Julie Hoppenstein,
Leasing/Property Manager
Hoppenstein Properties Inc.
julie@xxxxxxxxxxxxxxx<mailto:julie@xxxxxxxxxxxxxxx>
(972) 931 4000 phone
(972) 692 7322 fax
http://hoppenstein.com<http://hoppenstein.com/>
