Illinois State University
Request for Information: Real Property Lease
Awarded to:Lessor: MCP Uptown Owner, LLC, Frisco, TX
Address of Leased Space: 206 North Street, Normal, IL 61761
Size of Leased Space: 31,327
Amount: An estimated $3,650,701
Terms: Multi-year transaction
Lease Begin Date: 9/25/2015
Lease End Date: 5/31/2020
Duration: 4 years, 8 months
Renewals:
None
1
Comments:
This award has been assigned and transferred from JHR MRH, LLC to MCP Uptown Owner, LLC.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Renewal entered into with:Lessor: JHR MRH, LLC
Amount: An estimated $3,650,701
Renewal: 1st of 1, 6/1/2015 through 5/31/2020
Pricing Changes:
CPI annually for base rent
Service/Product Changes:
None
Potential Future Renewals:
None
The buyer for this procurement is now Ernest Olson, (309) 438-7611.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Awarded to:Lessor: JHR MRH, LLC, Champaign, IL
Address of Leased Space: 206 North Street, Normal, IL 61761
Size of Leased Space: 31,327 sf
Amount: $0
Terms: One-time transaction
Number of unsuccessful, responsive bidders: 0
Comments:
This posting cancels the renewal request below.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Renewal entered into with:Lessor: JHR MRH, LLC
Amount: An estimated $4,256,951
Renewal: 1st of 1, 6/1/2015 through 5/31/2020
Pricing Changes:
CPI annually for base rent plus a fixed rate of 4.25% will be amortized over the term for construction cost.
Service/Product Changes:
Renovation of a portion of the leased space to accommodate the Research and Sponsored Programs unit.
Potential Future Renewals:
None
Comments: The University is exercising its ability to renew for multiple options per the RFI.
The buyer for this procurement is now Ernest Olson, (309) 438-7611.
The State Purchasing Officer for this procurement is now John Knittle.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Awarded to:Lessor: JHR MRH, LLC, Champaign, IL
Address of Leased Space: 206 North Street, Normal, IL 61761
Size of Leased Space: 31,327 sf
Amount: An estimated $3,087,276
Terms: Multi-year transaction
Lease Begin Date: 6/1/2010
Lease End Date: 5/31/2015
Duration: 5 years
Renewals:
5 one-year
1
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Tuesday, May 5, 2009
Responses will be accepted at the address below until 2:00 PM, Wednesday May 20, 2009:
Purchasing Office
117 Hovey Hall
Normal, IL 61790-1220
The University wishes to lease Interim Academic Office Space located at Normal, Illinois for a period of 5 years. This property will be used for interim academic office space.
The University originally incorrectly posted this as an Request For Information (RFI), rather than an RFI Real Property Lease notice. Because the Bulletin does not allow RFIs to be awarded, we are reposting this solicitation to insure that all interested parties are aware of the University's intent to award a contract for real estate leasing needs. If your firm was registered for notification of any leasing commodities, you did receive notice of the original posting.
For additional information, contact:
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.
