Summary of Responses to Space RFP

 

 

 

 

Location

Square Footage

Monthly

Lease (includes CAM)

Annual

Lease

(includes CAM)

 

Parking

Tenant Finish

 

Other

Riverfront, LLC

(Three year lease commencing September 1, 2008)

Existing:

1st Floor of Riverfront Center

6,500

 

 

 

Year 1: $5,527 Years 2 and 3: $7,273

Year 1: $$66,328

Year 2 and 3: $87,278

City owned lot

Complete as currently occupying the space

No costs to relocate

 

Three year extension of existing agreement

Grubb & Ellis

Allen Press

1000 block of NH and Massachusetts

17,000 +

(or any amount less than that)

Base year:

$11,188

Base year:

$134,257

Graveled lot east of property; 175 x117 feet (staff estimates 96 spaces)

Quoted as is; City may complete desired finish at City cost, which could be included in lease amount

 

 

5-year lease term proposed with two 3-year renewal periods (proposal includes inflationary increases during initial 5 year lease)

 

Additional space of approximately 30,000 is also available for discussion

Gene Fritzel Construction

645-647

Massachusetts

Up to 20,935 on three floors

1st floor (8,004 SF) TBD

 

2nd floor (9,639 SF)

$9,713

 

3rd floor

(3,292 SF)

$ 6,160

 

 

TBD

 

 

 

$ 116,556

 

 

 

$ 73,920

Tour indicated parking is negotiable

 

Vermont Street – 60 spaces – tour indicates fewer actual spaces and limited availability

 

Additional private spaces available at $75 per space

First floor finished for retail use

 

2nd floor unfinished, ready to finish at tenant cost

 

3rd floor finished for tenant use

1st floor retail on-street in downtown district

 

5 year lease; terms tbd beyond (NNN would increase based on actual costs)

 

GSA approval required due to federal judge in building