Northeastern Illinois University
Request for Information: Real Property Lease
Renewal entered into with:Lessor: Kinders 807 LLC
Amount: $1,527,965
Renewal: 1st of 1, 8/1/2018 through 7/31/2023
Pricing Changes:
The rental rate is $15.28 per square foot during the entire five-year term. This is an increase from $14.50 per square foot, or 5.4%. The annual total costs increases to $305,593 from $290,000.
Service/Product Changes:
None
Potential Future Renewals:
None
Comments: To reconfirm a previous change notice, the Lessor's name is now 770 Halsted LP.
This renewal corrects and replaces the renewal posted below on March 26, 2018.
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: Kinders 807 LLC
Amount: $1,527,965
Renewal: 2nd of 2, 8/1/2018 through 7/31/2023
Pricing Changes:
The rental rate is $15.28 per square foot during the entire five-year term. This is an increase from $14.50 per square foot, or 5.4%. The annual total costs increases to $305,593 from $290,000.
Service/Product Changes:
None
Potential Future Renewals:
None
Comments: The lessor's name is now 770 Halsted LP.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Lessor: Kinders 807 LLC
Change Order Amount: $0
This change order is issued to document the assignment of the real property lease from Kinders 807 LLC to 770 Partners LLC. There are no changes in the terms and conditions of the lease.
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: Kinders 807 LLC, Chicago, IL
Address of Leased Space: 770 N. Halsted Chicago, IL 60642
Size of Leased Space: 20,000 Sq. ft.
Amount: $1,450,000
Terms: Multi-year transaction
Lease Begin Date: 8/1/2013
Lease End Date: 7/31/2018
Duration: Five Years
Renewals:
1 five-year
Potential Future Renewals:
$1,527,965
0
The State Purchasing Officer for this procurement is now Lee Saulter.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Friday, April 27, 2012
Responses will be accepted at the address below until 3:00 PM, Friday May 25, 2012:
Purchasing Department
Building C, 4th Floor
5500 North St. Louis Avenue
Chicago, IL 60625-4699
The University wishes to lease educational classroom and office space located at a Chicago near Loop area for a period of 5 to 10 years. This property will be used for a University educational training center.
The property will be used to house the Chicago Teachers�?? Center (CTC). CTC at Northeastern Illinois University develops collaborative partnerships that engage entire communities to help students succeed both academically and socially. Founded in 1978, CTC is an innovator in creating model programs that translate visions for school improvement into concrete action.
The property shall accommodate staff and faculty for day-to-day operations, provide workshop space, provide workrooms for teacher training and development, program growth, continuing education for personal and professional development, customized training, and student service related activity. The preferred location of the property should be within proximity to the Chicago Loop.
Proposals must be submitted in accordance with the attached PDF requirements documents and be accompanied by evidence of ownership or authorization to represent ownership. The initial term of the lease shall be for five years, commencing approximately July 1, 2013, with the option to renew for up to five additional years. The maximum lease term is ten years.
Northeastern Illinois University strongly supports the participation of businesses owned by Minorities, Females, and Persons with Disabilities (MAFBE) through its contracting efforts. The University desires participation either on a direct basis or through sub-contracting efforts.
For additional information, contact:
Robert Filipp
Phone: (773) 442-5308
FAX: (773) 442-5314
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.
