25098 RFQ Real Estate Broker Services

The North Texas Tollway Authority (NTTA) is seeking a qualified firm to provide real estate broker services for the acquisition, disposition, and leasing of governmental and commercial properties within the Dallas-Fort Worth metropolitan area. The selected firm will be responsible for providing professional brokerage services, including property marketing and transaction strategy, advertising and listing NTTA-owned properties, and representing NTTA's interests in real estate transactions. The contract term is five years, and the firm must be based in one of the following counties: Tarrant, Dallas, Denton, or Collin. The firm must also have a minimum of five years of experience in providing commercial real estate services and have an excellent reputation in the real estate community. Key personnel must have a minimum of three years of experience and be knowledgeable of the local real estate market in the DFW area. • The firm will provide property marketing and transaction strategy, including developing strategies for the purchase, sale, or leasing of properties. • The firm will represent NTTA's interests in real estate transactions, including negotiating with buyers, sellers, or lessees on behalf of NTTA. • The firm will coordinate with legal counsel and title company to ensure proper execution and filing of real estate documents. • The firm will assist with the preparation of documentation for Board approval and ensure compliance with statutory requirements for state and municipal property sales. • The firm will provide appraisals supported by the buying and selling prices of comparable real estate in comparable locations.