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Public Higher Education Bulletin

 
University of Illinois at Urbana-Champaign
RFI #091114MM

Request for Information: Real Property Lease

Renewal Info
Published Thursday December 19, 2019
Renewal entered into with:
Lessor: M2 on Neil, LLC
Amount: $467,298.12
Renewal: 1st of 2, 7/1/2020 through 6/30/2023
Pricing Changes: 
Rent schedule for one (1), three (3) year option: $19.46/SF, 1ST year; $19.91/SF, 2nd year; $20.39/SF 3rd year.
Service/Product Changes: 
None
Potential Future Renewals: $333,870.38
Comments: Please note that the exercise of the option results in a notice period, and that the renewal of the lease is subject to the Illinois Procurement Policy Board’s review as well as other approvals set forth in the Illinois Procurement Code (30 ILCS 500 et seq.) and the associated regulations.
The Chief Procurement Officer for this procurement is now Ben Bagby.
The State Purchasing Officer for this procurement is now John Knittle.
The University has taken into account 30 ILCS 575/8i of the BEP Act in conducting this renewal.

The University award process may be delayed up to thirty days as this award goes through a state approval process.
Award Info Published Friday January 30, 2015
Awarded to:
Lessor: M2 on Neil, LLC, Champaign, IL
Address of Leased Space: 301 North Neil Street, Suite 201, Champaign, IL 61820
Size of Leased Space: 7,906 SF
Amount: $687,680.16
Terms:   Multi-year transaction
Lease Begin Date: 7/1/2015
Lease End Date: 6/30/2020
Duration: 5 years
Renewals:
1 two-year, then 1 three-year
Potential Future Renewals: $797,748.50
Number of unsuccessful, responsive bidders: 1
This award corrects and replaces the award posted below on January 26, 2015.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Award Info Published Monday January 26, 2015
Awarded to:
Lessor: M2 on Neil, LLC, Champaign, IL
Address of Leased Space: 301 North Neil Street, Suite 201, Champaign, IL 61820
Size of Leased Space: 7,906 SF
Amount: $687,680.16
Terms:   Multi-year transaction
Lease Begin Date: 7/1/2015
Lease End Date: 6/30/2020
Duration: 5 years
Renewals:
1 two-year
Potential Future Renewals: $3,782,240.88
Number of unsuccessful, responsive bidders: 1
Comments:
Additional one (1) three-year renewal
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Thursday, September 11, 2014
Responses will be accepted below until 5:00 PM, Tuesday October 14, 2014:
At the following address:
The University Office of Capital Programs and Real Estate Services
506 S. Wright, Suite 208
Attention: Molly McMahon
Urbana, IL 61801

The University wishes to lease professional class â??Bâ?? office space or better located at or within 3 miles of UIUC Illini Union for a period of five years with options. This property will be used for administrative and classroom functions.

The Board of Trustees of the University of Illinois at Urbana-Champaign is soliciting information from qualified respondents regarding the availability of class â??Bâ?? office space (or better) for administrative and classroom functions in the area within three miles of the University of Illinois at Urbana Champaign Illini Union Building. The space will house the Osher Lifelong Learning Institute at the Urbana Champaign Campus. Currently these functions are housed in 5,500 rentable sq. ft. at 1800 South Oak Street, Champaign, Illinois. The preferred term is five years with (1) 2 year option followed by (1) three year option.

See attached file for more information.

For more information, contact Molly McMahon, mmcmahon@uillinois.edu.

For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, 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.

Bulletin Navigation

 
To obtain documents, log on:
Specification Documents
  • RFI091114MM.pdf (225 KB)
Other Public Documents
  • OLLILeaseRenewalComplete.pdf (64 KB)
  • OLLIRenewalPost2020.pdf (67 KB)
Conflict of Interest Document
  • COI_M2onNeilLLC.pdf (318 KB)