Public Higher Education Bulletin

University of Illinois at Chicago

RFI #20200306JT2

Request for Information: Real Property Lease

Award Info Published Tuesday December 1, 2020

200 South Wacker IL, LLCChicago, IL

Amount: An estimated $5,002,703.44
Address of Leased Space: 200 S. Wacker Drive, Suite 200, Chicago, IL
Size of Leased Space: 22,560 RSF

Lease period: 6/1/2021 through 5/30/2026
Duration: 5 years
Renewals: 1 one-year, then 2 three-year
Potential Future Renewals: $3,244,851.48

Unsuccessful respondents (0)

Summary

Respondents

1 total

1 successful respondent

0 unsuccessful respondents

0 BEP lessors

0 VBP lessors

0 Small businesses

Buyer for this procurement: Jennifer Summers, (217) 300-3156

Chief procurement officer for this procurement: John Donato

State purchasing officer for this procurement: John Knittle

Comments:
The space located at 200 S. Wacker Dr., Chicago was selected after the selection committed performed a detailed analysis comparing locations and financial terms and performing other due diligence The committee determined it was in the best interest of the University and State to expand at the current site and that the significant benefits outweighed the additional cost of relocation. Expanding at the existing site will allow the DPI to build upon and synergize with its existing presence on the 4th floor, while also addressing social distancing. Building the DPI at one location will maximize operational efficiencies and continuity of programming, foster collaborations, as well as build upon and support brand awareness for the University of Illinois and the DPI. The fixed expansion opportunity only offered by the selected landlord would also eliminate many of the financial unknowns related to future expansion of an unknown size, timing, and cost.

The University award process may be delayed up to thirty days as this award goes through a state approval process.

First published Friday, March 6, 2020

Responses will be accepted below until 2:00 AM, Friday April 3, 2020:

At the following address:
Jeni Summers
Capital Programs & Real Estate
506 S. Wright St., Suite 208
Urbana, IL 61801

The University wishes to lease office space located at Chicago, IL for a period of 5 years with options. This property will be used for DPI.

This notice was published on 3/6/2020 under RFI #20200306JT through 4/3/2020. This is a repost as it was entered as a RFI instead of a Real Property RFI. This notice is no longer open.

The University wishes to lease professional Class A or Class B office space located within a six (6) block radius centered on the current location at 200 S. Wacker, Chicago, for a period of five (5) years with options. This property will be used for administrative and meeting functions.

The Board of Trustees of the University of Illinois is soliciting information from qualified respondents regarding the availability of Class A or Class B office space on behalf of its Discovery Partners Institute (DPI) for administrative and meeting functions by approximately 100 DPI staff and staff and members of affiliated organizations and companies. This space must be located within a six block radius centered on its current location at 200 S. Wacker, Chicago.

DPI is rapidly growing and will need additional office and meeting space to accommodate its expanding programming and staff count. The RFI request is for approximately a 22,000-26,000 rentable square foot space. The preferred term is 5 years plus two (2) 1-year option terms followed by one (1) 3-year option term.

For additional information, contact

Bruce Walden, Bwalden@uillinois.edu
University of Illinois
Office of Capital Programs and Real Estate Services
506 S. Wright Street, Suite 208
Urbana, Illinois 61801

See attached file for complete information.

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

Jennifer Summers
208 Henry Administration Building
506 S. Wright Street, M/C 321
Urbana, IL 61801
Phone: (217) 300-3156
FAX: (217) 244-0882

Chief Procurement Officer - John Donato

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

https://www.procure.stateuniv.state.il.us