MPO Considers Lease Extension from Current Landlord
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Description
KC Real Estate LC (Knapp Properties), the MPO's current landlord, provided proposals for 3-year and 5-year extensions of the office lease beginning December 2026. The options include incremental rent increases, tenant improvements, and continue current parking arrangements.
Contract Details
Contract Amount
See notes
Vendor
KC REAL ESTATE LC (KNAPP PROPERTIES)
Agency
Des Moines Area MPO, IA
Contract Type
FACILITIES
Document Date
March 5, 2026
Contract Term
Options: 3 years, 5 years (starting Dec 2026)
Renewal Date
2029-11-30
Renewal Info
Lease currently runs through November 30, 2028, with an option for early termination in 2026. Pending lease extension selection for either 3 or 5 years post-2026.
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ffy_2028_stbg_tap_submitted_applications_summary.pdf
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