Public Higher Education Bulletin

Illinois State University

RFI #ER072618

Request for Information: Real Property Lease

Renewal Info

Published Thursday June 23, 2022

Renewal entered into with:

Lessor: MCP Uptown Owner LLC
Amount: An estimated $6,546,605
Renewal: 1st of 2, 10/1/2022 through 9/30/2027

Pricing Changes:

approximate 9% increase in accordance with the CPI as provided in RFI response

Service/Product Changes:

Optional space included as outlined in RFI response

Potential Future Renewals: $3,854,944

Comments: Award. The posted renewal award amount includes a combined base rent for both suites along with an estimated combined operational expense. The University will be responsible for the amount as part of a triple net lease arrangement. Expenses include CAM (Common Area Maintenance), property taxes, utilities, janitorial and maintenance.

The Chief Procurement Officer for this procurement is now John Donato.

The State Purchasing Officer for this procurement is now Steve Todt.

The University has taken into account 30 ILCS 575/8i of the BEP Act in conducting this renewal.

The University award process may be delayed up to thirty days as this award goes through a state approval process.

Award Info Published Thursday January 23, 2020

MCP Uptown Owner LLCNormal, IL

Amount: An estimated $2,156,628
Address of Leased Space: 100 S Fell Ave, Normal, Illinois
Size of Leased Space: 31,327 SF (plus 4,172 SF option at renewal)

Lease period: 6/1/2020 through 9/30/2022
Duration: 28 months
Renewals: 1 five-year, then 1 two-year
Potential Future Renewals: $11,082,966

Unsuccessful respondents (0)

Buyer for this procurement: Nick Mullins, (309) 438-1946

Chief procurement officer for this procurement: Ben Bagby

State purchasing officer for this procurement: John Knittle

Comments:
Award. The posted award amount includes base rent ($1,403,617) combined with estimated operational expenses ($753,011) the University will be responsible for as part of a triple net lease arrangement. These expenses include common area maintenance, property tax, utilities, and janitorial & maintenance.

Renewal Options. The RFI submittal includes an option after the initial term for a separate and additional 4,172 SF lease estimated at $596,921 over a five-year term. This estimated cost includes base rent ($377,111) combined with estimated operational expenses ($219,810) the University would be responsible for as part of a triple net lease arrangement. The 2nd renewal option is for 32 months (2 years, 8 months).

The University award process may be delayed up to thirty days as this award goes through a state approval process.

This notice has been modified

Published Monday July 16, 2018

The RFI opening date has been changed to August 2, 2018.

See attached document: ER072618Addendum01.docx

This notice has been modified

Published Tuesday June 26, 2018

This modification is to remind vendors about the State of Illinois requirements for submitting a proposal.

See attached file: ER072618StateRequirementsReminder.docx

First published Wednesday, June 13, 2018

Responses will be accepted below until 3:00 PM, Thursday August 2, 2018:

At the following address:
Purchasing Office
Illinois State University at Uptown Crossing
1220 Campus Box
100 South Fell Avenue, Suite D
Normal, IL 61790

The University wishes to lease approximately 30,000 net useable square feet located at Normal, IL for a period of 10 years. This property will be used for administrative office space.

The University wishes to lease contiguous office space beginning on 5/30/20 located within 1/2 mile walking distance to the center of the campus. The University is also seeking an option for an additional estimated 4,000 square feet to begin on 10/1/22. The property will house 6 to 7 separate University functional administrative groups.

For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, contact:

Ernest Olson
Purchasing Office
Illinois State University at Uptown Crossing
1220 Campus Box
100 South Fell Avenue, Suite D
Normal, IL 61790-1220
Phone: (309) 438-1946
FAX: (309) 438-5555

Purchasing Website

State Purchasing Officer - John Knittle

This transaction is subject to the State Board of Elections registration and certification requirements of Public Act 095-0971.

The State of Illinois has a policy to encourage prospective vendors to hire qualified veterans, minorities, females, persons with disabilities and ex-offenders.

Bulletin Navigation

https://www.procure.stateuniv.state.il.us