University of Illinois at Chicago
Announcement of a Sole Source Purchase
Vendor: Art Institute of Chicago
An estimated $1,057,586.52
Terms: One-time transaction
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Tuesday, November 13, 2001
The University awarded a contract for lease of space for office and industrial use to Art Institute of Chicago, for
an estimated $1,057,586.52
The University of Illinois at Chicago is entering into a 10-year lease through November 30, 2011 for 11,100 square feet of office and industrial space at the 847 West Jackson, Chicago, IL 60612, subject to the approval of the Board of Trustees of the University of Illinois. Annual base rental costs are $7/SF for year 1 and 2, $8/SF for year 3, $9/SF for year 4 and escalating at 5% per year thereafter. The printing and binding equipment used by the Office of Publications constituted selection criteria that necessitated a location that would tolerate heavy floor loads and the nuisance factor of excessive noise and vibration.
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