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  5. ›Renewal Notice CMS L6596 DES Carpentersville

Illinois CMS - Central Management Services·Illinois

Renewal Notice CMS L6596 DES Carpentersville

Closes 4/27/2026$400k – $600kRequest for Quotation
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Description

The State of Illinois is issuing a renewal notice for an existing lease contract. The lease is for office space located at 148 South Western Avenue, Carpentersville, IL. The total renewal amount is $498,978.00, and the renewal period is from April 1, 2026, to March 31, 2031. The contract is a renewal in accordance with the terms of the existing contract. The State of Illinois is seeking to renew the lease with the current vendor, Springhill Marketplace LLC. * Key aspects of the contract include: * Lease location: 148 South Western Avenue, Carpentersville, IL * Total renewal amount: $498,978.00 * Renewal period: April 1, 2026, to March 31, 2031 * Current vendor: Springhill Marketplace LLC * Business Enterprise Program (BEP) and Veterans Business Program (VBP) participation: Not applicable

Attached files

Contact

David Olsen and Karin Phelps(Purchaser and also Ship-to/Bill-to Address Contact)

[email protected] and [email protected]

(217) 782-9117

Key dates

Opened
3/17/2026
Closes
4/27/2026
Duration
5 years

Last updated

Details

Type
Request for Quotation
Industry
Real Estate
NAICS
531110
Solicitation №
26-416CMS-LEAS4-B-51237

Budget estimate

$400,000 – $600,000

The budget for this contract can be estimated based on the total renewal amount, which is $498,978.00. This amount represents the total value of the lease over the 5-year renewal period. The annual budget would be approximately $99,796.00. Factors that may influence the likely payment range include the terms of the lease, the condition of the office space, and the vendor's performance.

AI estimate from the solicitation

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