University of Illinois at Chicago
Request for Information: Real Property Lease
Awarded to:Lessor: John Hancock Life Ins. Co. & John Hancock Life & Health Ins. Co. and Sub-Professional Trading Solutn, Schaumburg, IL
Address of Leased Space: 200 S. Wacker, Chicago, IL
Size of Leased Space: Suite 400: 22,048 SF
Amount: $15,401,885
Terms: Multi-year transaction
Lease Begin Date: 7/1/2015
Lease End Date: 6/30/2025
Duration: 10 years (5 yr termination provision)
Renewals:
None
8
Comments:
Additional lease space sizes: Suite 1900: 22,634 SF; Option space: 759 SF
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Tuesday, May 6, 2014
Responses will be accepted at the address below until 4:00 PM, Friday June 6, 2014:
The University Office of Capital Programs and Real Estate Services
506 S. Wright, Suite 208
Attention: Bruce Walden
Urbana, IL 61801
The University wishes to lease class "A" office space located at downtown Chicago for a period of 10 years. This property will be used for academic and administrative functions.
The Board of Trustees of the University of Illinois at Urbana-Champaign is soliciting information from qualified respondents regarding the availability of class “A” office space for academic and administrative functions in the area bordered by Kinzie Avenue on the north, Congress Parkway on the south, Dearborn on the east and Jefferson Street on the west in downtown Chicago. The space will house the UIUC Executive MBA program, MS Tax program, UIUC Campus Development offices including DIA, Admissions and records, Alumni career center and a variety of other office uses. Currently these functions are housed in 40,000 rentable sq. ft. at 200. S. Wacker. The preferred term is 10 years with a onetime right to terminate after 5 years.
See attached file for more information.
For more information, contact: Bruce Walden (bwalden@uillinois.edu)
For additional information, contact:
Mary White
807 S. Wright, Suite 340
Champaign, IL 61820
Phone: (217) 244-8518
FAX: (217) 244-0882
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.
