FACILITIESPENDING

Des Moines Area Metropolitan Planning Organization AgendaPacket Policy Committee Meeting 2026-05-21

MPO Weighs Five-Year Extension of Office Lease

Des Moines Area MPOKC REAL ESTATE LC (KNAPP PROPERTIES)May 21, 2026

Trusted by teams at

Description

The Des Moines Area MPO is asked to approve a lease renewal with KC Real Estate, LC (Knapp Properties) to remain in its current 8,027 RSF office space, extending the lease five years beyond the current November 30, 2028 end date. The lease includes an early termination option effective November 30, 2026 if notice is provided by May 31, 2026, with rental rates of $14.95 per RSF through 2026 and $15.25 per RSF through 2028.

Contract Details

Vendor

KC REAL ESTATE LC (KNAPP PROPERTIES)

Agency

Des Moines Area MPO, IA

Contract Type

FACILITIES

Document Date

May 21, 2026

Contract Term

Current lease through November 30, 2028 with proposed five-year extension; early termination option effective November 30, 2026 if notice given by May 31, 2026

Renewal Date

2028-11-30

Renewal Info

Existing lease last renewed in 2021; current term runs through November 30, 2028 with rates increasing from $14.95 to $15.25 per RSF in the final two years. Lease contains a one-time early termination option effective November 30, 2026, requiring notice by May 31, 2026, and staff recommend approving a five-year extension beyond November 30, 2028.

More from KC REAL ESTATE LC (KNAPP PROPERTIES)