Public Higher Education Bulletin

Illinois State University

RFI #NR022019

Request for Information: Real Property Lease

Award Info Published Monday August 26, 2019

Awarded to:

Lessor: Bush Construction Company, Davenport, IA
Address of Leased Space: Trail East site at 31 Uptown Circle (4th floor), Normal, IL
Size of Leased Space: 10,418 SF
Amount: An estimated $1,419,926
Terms: Multi-year transaction

Lease Begin Date: 6/1/2020

Lease End Date: 5/31/2025

Duration: 5 years

Renewals:

1 five-year

Potential Future Renewals: $1,545,391

Number of unsuccessful, responsive bidders: 0

Comments:

This posted award amount includes base rent ($840,000) combined with estimated operational expenses ($579,926) 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.

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 January 28, 2019

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

See attached file: NR022019_State_Requirements_Reminder.pdf

First published Thursday, January 24, 2019

Responses will be accepted below until 2:00 PM, Wednesday February 20, 2019:

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 7,500 to 15,000 square feet located at Normal, IL, for a period of five (5) years. This property will be used for a startup incubator for small businesses.

The University wishes to lease 7,500 to 15,000 square feet including circulation space for this facility. The space must be contiguous. To ensure the facility adequately serves the ISU student and faculty population, the space should be located within a one-mile walking distance from the center of the Illinois State University Quad. This property will be used primarily for offices, conference rooms, and workshops.

Please refer to the Specification Documents for more information.

For additional information, contact:

Nick Mullins
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