Illinois BidBuy #27-416CMS-LEAS4-B-54090

Lease Award for 7,277 sq ft Office Space to Illinois Department of Human Services

This lease award provides office space for the Illinois Department of Human Services in Springfield, IL. - Government Buyer: - Department of Human Services, State of Illinois - CMS - Central Management Services - Vendor: - Springfield Partners III, LLC - Products/Services Requested: - Lease of 7,277 square feet of office space - Location: 600 E Ash St., Building 300, 2nd floor, Springfield, IL - Initial lease term: 5 years - Renewal option: 5 additional years - Total contract value: $1,898,496.53 - Unique/Notable Requirements: - No small business set-aside or BEP/VBP participation goals - NIGP code: 971-45 (Office Space Rental or Lease) - Lease covers a single contiguous office space; no additional products or services specified - OEMs: - Not applicable (real estate lease, no manufactured products) - Period of Performance: - Initial term: 5 years - Renewal option: 5 years - Total potential duration: 10 years

Description

This is a Notice of Lease Award for the Department of Human Services in Springfield/Sangamon County of Illinois. The contract involves leasing office space with an initial term from 02/01/2027 to 01/31/2032 and a renewal term from 02/01/2032 to 01/31/2037. The awarded vendor is Springfield Partners III, LLC, providing 7,277 square feet of office space on the 2nd floor. The total award amount is $1,898,496.53, with the initial term valued at $1,359,925.76 and the renewal option at $538,570.77. The procurement was conducted through an open market purchase method without electronic quotes.

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