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Public Higher Education Bulletin

 
Northern Illinois University
RFI #bjm032210
Request for Information: Real Property Lease
Renewal Info
Published Thursday July 28, 2016
Renewal entered into with:
Lessor: Urban Equity Properties LLC
Amount: An estimated $293,000
Renewal: 2nd of 2, 9/30/2016 through 6/30/2019
Pricing Changes: 
Yes, the contract provided a .16 increase per square foot for the second renewal period.
Service/Product Changes: 
None
Potential Future Renewals: None
Comments: In accordance with 30ILCS500/40-25(b), Northern Illinois University wishes to execute the option to renew its lease at 319 W. State St., Rockford, IL 61101, which was procured by RFI BJM032210. The option to renew is for the second option period of a three (3) year term. The rental rate is $8.16 per square foot. The lease rate is a gross amount.

Lease was awarded to Urban Equity Properties LLC. Award was published April 30, 2010. Lease term began on July 1, 2010; was extended on February 15, 2013 until June 30, 2016; was extended via emergency purchase until September 29, 2016; and will be extended until June 30, 2019 pursuant to the most recent renewal. The lease includes two (2), three (3) year renewal options.
The buyer for this procurement is now Kent Clapsaddle, (815) 753-6107.
The State Purchasing Officer for this procurement is now Pamela Amoako.

The University award process may be delayed up to thirty days as this award goes through a state approval process.
Award Info Published Friday June 5, 2015
Awarded to:
Lessor: Urban Equity Properties LLC, Rockford, IL
Address of Leased Space: 319 W. State St, Rockford, IL 61101
Size of Leased Space: 13,050 sq. ft.
Amount: An estimated $313,200
Terms:   Multi-year transaction
Lease Begin Date: 7/1/2013
Lease End Date: 6/30/2016
Duration: 3 year initial, total 9 years
Renewals:
2 three-year
Potential Future Renewals: $319,464
Number of unsuccessful, responsive bidders: 3
Comments:
This award is the result of the sale of the real estate property to a new owner. The new owner has assumed all responsibilities as provided for in the contract with the vendor that was originally awarded.
The buyer for this procurement is now Kent Clapsaddle, (815) 753-6107.
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.
Renewal Info
Published Friday February 15, 2013
Renewal entered into with:
Lessor: TRT Management Corp.
Amount: An amount not to exceed $313,200
Renewal: 2nd of 3, 7/1/2013 through 6/30/2016
Pricing Changes: 
Yes, the contract allowed for a 50 cent sq. ft. increase for the first renewal option.
Service/Product Changes: 
None
Potential Future Renewals: $319,464
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.
Award Info Published Friday April 30, 2010
Awarded to:
Lessor: TRT Management Corp., Rockford, IL
Address of Leased Space: 319 W. State St., Rockford IL 61101
Size of Leased Space: 13,050 sq. ft.
Amount: An amount not to exceed $293,625
Terms:   Multi-year transaction
Lease Begin Date: 7/1/2010
Lease End Date: 6/30/2013
Duration: 3 year inital, total 9 yrs.
Renewals:
2 three-year
Number of unsuccessful, responsive bidders: 3
Comments:
The University reserves the right to amend this agreement, as needed and as per the terms and conditions outlined in this RFI.
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 Friday April 16, 2010
The RFI opening date has been changed to Tuesday, April 20, 2010, at 2:00 p.m. local time. Addendum #2 has been issued.
First published Tuesday, March 30, 2010
Responses will be accepted at the address below until 2:00 PM, Tuesday April 20, 2010:

Purchasing Office
Lowden Hall, Room 107
DeKalb, IL 60115-2870

The University wishes to lease office space located at downtown Rockford, Illinois, for a period of ten years. This property will be used for the Zeke Giorgi Law Clinic.

The property must be located within one mile walking distance from the downtown courthouse in Rockford, Illinois.

For additional information, contact:
Becky May
Northern Ilinois University
Office of Procurement Services
Lowden Hall, Room 107
DeKalb, IL 60115-2828
Phone: (815) 753-1594
FAX: (815) 753-6800

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.

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Other Public Documents
  • bjm032210.pdf (789 KB)
  • bjm032210Amendment1.pdf (8 KB)
  • bjm032210Amendment2.pdf (12 KB)