HomeMy WebLinkAbout25874AGREEMENT INFORMATION
AGREEMENT NUMBER
25874
NAME/TYPE OF AGREEMENT
YAEGER PLAZA PARTNERS, LLC
DESCRIPTION
MEMORANDUM OF GROUND LEASE/1199 NW 62 ST, MIAMI,
FL 33150/FILE ID: 17698/R-25-0189
EFFECTIVE DATE
December 18, 2025
ATTESTED BY
ATTESTED DATE
DATE RECEIVED FROM ISSUING
DEPT.
12/17/2025
NOTE
a 504
RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
Greenberg Traurig, P.A.
333 S.E. 2nd Avenue
Miami, Florida 33131-3238
Attention: Ryan D. Bailine, Esquire
MEMORANDUM OF GROUND LEASE
THIS MEMORANDUM OF GROUND LEASE ("Memorandum") is made and entered
into as of December 18, 2025, by and between CITY OF MIAMI, a Florida municipal corporation
("Landlord") and YAEGER PLAZA PARTNERS, LLC, a Florida limited liability company
("Tenant").
1. The Premises. Pursuant to a Ground Lease dated as of December 18, 2025 (the
"Lease"), executed by Landlord and Tenant, Landlord has leased to Tenant certain real property
located in Miami -Dade County, Florida, more particularly described on Exhibit A attached hereto
(the "Land"), together with the easements, rights -of -way, strips, gores, interest in adjoining rights
of way (if any) relating thereto, all buildings, structures, improvements, fixtures and other
appurtenances of every kind now existing and located on and pertaining thereto, along with all
roadways and railways and parking areas and the obligations thereunder and those running with
the Land and/or binding on the successor or assigns of Landlord (the "Premises").
2. Term. The Lease shall be for a term of ninety-nine (99) years (the "Term"). The
Term began as of December 18, 2025 (the "Term Beginning Date") and will end 99 years after the
Term Beginning Date (the "Term Expiration Date"), unless sooner terminated in accordance with
the provisions of the Lease, in which case the "Term Expiration Date" shall mean such earlier date
of termination.
3. Incorporation of Lease. Reference is made to the Lease for a full statement of the
terms and conditions of the Lease, all of which are hereby incorporated by reference.
4. Purpose. This Memorandum is being recorded for the purpose of providing public
notice of the terms of the Lease and notwithstanding anything to the contrary, this Memorandum
shall not be construed to modify or amend the Lease in any respect.
5. Counterparts. This Memorandum may be executed in two or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK;
SIGNATURE PAGE IMMEDIATELY FOLLOWS THIS PAGE]
IN WITNESS WHEREOF, on the date first above written, the Landlord and Tenant have
caused this Memorandum of Ground Lease to be executed on their behalf.
LANDLORD:
CITY OF MIAMI, a Florida municipal
corporation
By. -
Arthur Noriega , City Manager
STATE OF C()vl,-)to, )
j ) ss.:
COUNTY OF '1 'GtMj )
On the � day of SJC(,C0 -V 2025, before me, a Notary Public in and for the
State and County aforesaid, personally appeared Arthur Noriega V, who acknowledged himself to
be the City Manager of the City of Miami, a Florida municipal corporation and that he as such
City Manager being authorized to do so, executed the foregoing instrument for the purposes therein
contained by signing the name of the City of Miami by himself as such City Manager.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
[SEAL]
My Commission Expires:
[SIGNATURE PAGE CONTINUES]
IN WITNESS WHEREOF, on the date first above written, the Landlord and Tenant have
caused this Memorandum of Ground Lease to be executed on their behalf.
STATE OF
COUNTY OF
) ss.:
TENANT:
YAEGER PLAZA PARTNERS, LLC
By: Yaeger Plaza MF Manager LLC,
a Florida limited liability company,
its Manager
By: Integral Yaeger LLC,
a Georgia limited liability
company,
its Manager
By:
Name: Kareem T. Brantley
Title: Vice President
On the day of 2025, before me, a Notary Public in and for the
State and County aforesaid, personally appeared Kareem T. Brantley, who acknowledged himself
to be the Vice President of Integral Yaeger LLC, a Georgia limited liability company, the Manager
of Yaeger Plaza MF Manager LLC, the Manager of YAEGER PLAZA PARTNERS, LLC, a
Florida limited liability company and that he as such Vice President being authorized to do so,
executed the foregoing instrument for the purposes therein contained by signing the name of the
limited liability company by himself or herself as such Vice President.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
[SEAL] Notary Name:
My Commission Expires:
EXHIBIT A TO MEMORANDUM OF LEASE
Description of Premises
Property Address: 1199 Northwest 62 Street, Miami, FL 33150
Property Folio No.: 01-3114-021-0950
Legal Description: Lots 1, 2, 3 and 4 and the West 15 feet of Lot 5 Block 5, WOODMERE,
according to the Plat thereof, as recorded in Plat Book 14, Page 1 lof the Public Records of Dade
County, Florida.
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