Meetings / Nov 22, 2022 / Item 177

Item 177

approved contract

Nov 22, 2022

Description

Authorize the Division of Plant & Property to enter into a retroactive, sole source twenty (20) year lease agreement with 2Granite Place, LLC, Concord, NH, for an amount not to exceed $70,276,858.96; reflective of the base rent, amortized costs, and reimbursable operating expenses over the lifespan of the lease; which shall provide office space for the Department of Justice (DOJ) and other state agencies. The facility, located at 1 Granite Place in Concord, NH, is approximately 106,000 square feet and the DOJ will occupy approximately 65,000 square feet. At the time that fit-up for the DOJ is complete, the Department of Administrative Services will work with other state agencies in need of space and move them into the remaining areas. Effective upon G&C approval, the lease will be effective for the period July 1, 2022 through June 30, 2042. 100% General Funds.

Amount
$70.3M
$70,276,858.96
Vendor
2Granite Place, LLC
Concord, NH
Funding Source
100% General Funds
Effective Dates
July 1, 2022 — June 30, 2042
Vote Record approved
Motion by Gatsas, seconded by Kenney acted as follows
Joseph Kenney (R) yes
Cinde Warmington (D) yes
Janet Stevens (R) yes
Ted Gatsas (R) yes
Dave Wheeler (R) yes

Documents (1)

Item_177.pdf Open in new tab →
← Back to Nov 22, 2022 meeting