Texas DIR/ESBD #451-27-038

Brokerage services for sale of Texas agencies’ Austin office building

Three Texas agencies are seeking a brokerage firm to help sell their jointly owned Austin office building. - Government buyers: Texas Department of Banking; Department of Savings and Mortgage Lending; and Office of Consumer Credit Commissioner. - Requested service: Commercial real estate brokerage for the sale of the agencies’ 36,499-square-foot building at 2601 N. Lamar in Austin. - Work includes valuation, listing, responding to offers, coordinating due diligence and closing, and supporting sale and potential leaseback negotiations. - Compensation is a proposed commission based on the sale price, inclusive of any buyer-broker commission split. - Notable requirements: The lead broker must be Texas-licensed and have at least 10 years of relevant experience. The RFP also identifies experience, qualifications, financial solvency, and insurance requirements. - Estimated contract value: $500,000. - OEMs and named vendors: None identified; no products, part numbers, or fixed service quantities are specified. - Term: One-year initial term with up to three optional one-year renewals.

Description

The Texas Department of Banking, the Department of Savings and Mortgage Lending, and the Office of Consumer Credit Commissioner seek proposals from qualified, independent firms to provide commercial real estate brokerage services. Services are to be provided in accordance with the specifications in the RFP. Proposals are due November 19, 2026, at 3:00 p.m. Central Time. The solicitation lists an estimated value of $500,000.

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