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The authority board agreed Tuesday to offer Raytheon a new five-year lease for $73,327 a year, with two five-year options to renew.
The old lease expired May 1, after 15 years.
The new rent for the 436,470 square feet of land southeast of South Nogales Highway and East Aero Park Boulevard is based on a fair market value determined by Southwest Appraisal Associates Inc., which was hired jointly by the authority and Raytheon.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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