3 & 4 are better than where we are now.  The important thing is you need to get furniture as we currently have lots of rooms empty and they are refusing to give us furniture.
 
The old building is a really bad idea due to the press etc - when it ends things will be easier.  But currently moral would be ahuge issue moving to the old building.

-----Original Message----- 
From: Mark.Bridges@ubsw.com@ENRON [mailto:Mark.Bridges@ubsw.com@ENRON] 
Sent: Mon 1/28/2002 8:56 AM 
To: Forster, David; louise@enron.com; Pat.ODonnell@ubsw.com 
Cc: Beth.Barrett@ubsw.com; bdugan@ubspw.com 
Subject: Real estate issues re: UBSW Energy, LLC in Houston




Hello Pat, Louise, Dave

The UBSW real estate department is reviewing the current/future lease

terms for UBSW Energy LLC, in Houston.  According to Brian Dugan, our

lead real estate guy on the bank side, the building owner has offered

a nine month lease to stay in the South Tower on the 5th and 6th

floors.  After the nine months we will be offered the option to sign

up for an additional 18 months but we could be moved down to floors 3

and 4.  Is this a significant issue?  I understand that the 3rd and

4th floor foot prints are similar to 5/6.

If UBSW Energy is willing to relocate to the North Tower, they can

get a lease for 5-9 years but this tower may be less suitable.  What

are the issues here?

The integration real estate team plans to meet this afternoon with

the Bank's outside legal firm we use for real estate issues.  We have

a target date of this Friday to try to resolve all real estate issues

in order to meet the DAY 0 legal integration date of 2/6/02.

Your thoughts please.

Mark


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