Illinois BidBuy #27-416CMS-LEAS4-B-54635

Award of a 3,544-square-foot IDOT office space lease in Champaign

Illinois Central Management Services awarded a long-term office lease for the Illinois Department of Transportation in Champaign. - Government buyer: Illinois Department of Central Management Services (CMS), Leasing Department, for the Illinois Department of Transportation (IDOT). - Awardee: GRE UIRP Owner, LLC. - Requirement: Lease of 3,544 square feet of office space at 1800 S Oak St., Suite 108, Champaign, Illinois. - Award value: $1,146,661.20 total, comprising $531,600 for the initial term and $615,061.20 for the renewal term. - Lease terms: Initial five-year term followed by a five-year renewal term. - Lease reference: L6739.

Description

This is a Notice of Lease Award for the Illinois Department of Transportation in Champaign. The award is for 3,544 square feet of office space at 1800 S Oak St, Suite 108, Champaign, Illinois, to GRE UIRP Owner, LLC. The initial lease term runs from December 1, 2026, through November 30, 2031, and the renewal term runs from December 1, 2031, through November 30, 2036. The total award amount is $1,146,661.20.

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