Michigan State Administrative Board Minutes 2026-06-02
Long-Term Office Lease Renewal Approved for State Agency
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Description
MC Portfolio LLC’s office lease with the State for Department of Labor and Economic Opportunity was renewed for 10 years starting July 1, 2026, with renewal and cancellation options.
Contract Details
Contract Amount
$22.50 PSF ($12,971.25/month starting July 1, 2026), mid-term to $25.46 PSF, renewal at $33.04 PSF
Vendor
MC PORTFOLIO LLC
Agency
Michigan Department of Technology, Management and Budget|Administrative Board, MI
Contract Type
FACILITIES
Document Date
June 2, 2026
Contract Term
July 1, 2026 – June 30, 2036; five-year renewal option
Renewal Date
2036-06-30
Renewal Info
One five-year renewal at $33.04 PSF after 10-year base; standard cancellation clause (90 days’ notice).
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Related Contracts
Issuing Agency
Michigan Department of Technology, Management and Budget|Administrative Board
State
Lansing, MI
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Michigan State Administrative Board Minutes 2026-06-02
Michigan State Administrative Board Minutes 2026-06-02
Michigan State Administrative Board Minutes 2026-06-02
Michigan State Administrative Board Minutes 2026-06-02
Michigan State Administrative Board Minutes 2026-06-02
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