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Public Higher Education Bulletin

 
University of Illinois at Urbana-Champaign
RFI #070114DM
Request for Information: Real Property Lease
Award Info Published Friday December 19, 2014
Awarded to:
Lessor: CRP Property, LLC, Northbrook, IL
Address of Leased Space: 1901 South First Street, Suites A, C & C-4, Champaign, IL
Size of Leased Space: 25,029 SF
Amount: $354,577.50
Terms:   Multi-year transaction
Lease Begin Date: 6/1/2015
Lease End Date: 5/31/2020
Duration: 5 yearrs
Renewals:
1 five-year
Potential Future Renewals: $2,950,781.25
Number of unsuccessful, responsive bidders: 1
Comments:
The annual unit rental rate increases by $.25/SF each year of the lease and option to renew terms. Lease includes an option to expand Premises by 6,446 SF on or before August 15, 2015. The potential future renewals amount shown above is shown as if this option to expand is exercised.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Tuesday, July 1, 2014
Responses will be accepted at the address below until 4:00 PM, Friday August 1, 2014:

807 S. Wright, Suite 340
Champaign, IL 61820

The University wishes to lease Professional Class B office space or better located at or within 2 miles of UIUC campus quad for a period of ten years with options. This property will be used for general office space.

The Board of Trustees of the University of Illinois is soliciting information from qualified respondents regarding the availability of approximately 21,000 sq ft leased space for general office space for the University of Illinois in Champaign – Urbana, Illinois.

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.

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Specification Documents
  • RFI070114DM.pdf (745 KB)