To: MAYOR AND CITY COUNCIL
From: ELIZABETH HAUSE, WATERFRONT AND COMMUNITY SERVICES DIRECTOR
TITLE
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APPROVE A LEASE TERMINATION AGREEMENT WITH PIERO QUINCI, DMD, MS, INC. FOR THE PREMISES AT 105 W. TORRANCE BLVD., SUITE 100, EFFECTIVE SEPTEMBER 30, 2026
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EXECUTIVE SUMMARY
The City and the Estate of Piero Quinci, acting on behalf of Piero Quinci, DMD, MS, Inc. (Tenant), have negotiated a Lease Termination Agreement for the commercial space located at 105 W. Torrance Boulevard, Suite 100. This Agreement provides for termination effective September 30, 2026, with the City retaining the Tenant’s security deposit of $4,606 and receiving payment of $1,079.60 in settlement of all amounts due under the lease.
BACKGROUND
In March 2012, the City purchased the Pier Plaza leasehold and began directly leasing the property to various tenants. The leasehold includes buildings at 103 to 131 West Torrance Boulevard, located on the upper level of the Pier Parking Structure, and comprises approximately 75,000 square feet of office and retail space. The property is primarily occupied by office tenants, with other uses including a restaurant, child care center, and children’s therapy center.
On March 15, 2016, the City entered into a lease with Piero Quinci, DMD, MS, Inc. for approximately 2,303 square feet at 105 W. Torrance Boulevard, Suite 100 (Premises), for use as an orthodontic practice. The lease was amended on September 3, 2024, and was scheduled to expire on September 2, 2029.
Following the passing of Dr. Piero Quinci, the Tenant’s principal, the City and the Estate of Piero Quinci negotiated a Lease Termination Agreement. Under the Agreement, the lease will terminate effective September 30, 2026. The Tenant will pay the City $1,079.60 as a full settlement of all amounts due under the lease, and the City will retain the Tenant’s $4,606 security deposit. The Agreement will be executed by the Estate of Piero Quinci on behalf of the Tenant.
COORDINATION
The Lease Termination Agreement was reviewed and approved as to form by the City Attorney’s Office.
FISCAL IMPACT
Revenue from the property would accrue to the City’s Harbor Uplands Fund. The Lease Termination Agreement would result in one-time revenue of $5,685.60 to the Harbor Uplands Fund, consisting of the $1,079.60 termination payment and the retained security deposit of $4,606.
APPROVED BY:
Mike Witzansky, City Manager
ATTACHMENTS
• Agmt - Lease Termination Agreement between the City of Redondo Beach and Piero Quinci, DMD, MS, Inc.
• Agmt - First Amendment to the Lease between the City of Redondo Beach and Piero Quinci, DMD, MS, Inc., September 3, 2024
• Agmt - Lease between the City of Redondo Beach and Piero Quinci, DMD, MS, Inc., March 15, 2016