The site includes 34 existing buildings, including office, manufacturing, warehouse, data center and
laboratory space. IBM will lease back eight of these buildings on the eastern portion of the campus,
affirming its continued commitment to the Rochester area by signing a long-term lease agreement.
Anyone have a generally accepted time range for what qualifies as "long-term lease" on commercial/industrial property? Internet search gave some results which were in general agreement that anything 5+ years would typically be considered "long-term," but if anyone has any more specific details and can provide them, it'd be appreciated. Or even better, if anyone has any insider details on the actual lease itself?
https://www.prnewswire.com/news-releases/irg-finalizes-purchase-of-ibms-rochester-campus-300603670.html