FACILITIESDISCUSSSED

Des Moines Area MPO Executive Committee Meeting Agenda April 2026

MPO Considers Five-Year Office Lease Extension

$14.95 per RSF through November 30, 2026; $15.25 per RSF through November 30, 2028Des Moines Area MPOKC REAL ESTATE LC (KNAPP PROPERTIES)April 2, 2026

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Description

The Des Moines Area MPO is discussing a proposed five-year extension of its existing office lease with KC Real Estate, LC (Knapp Properties), covering approximately 8,027 rentable square feet. The current lease runs through November 30, 2028 with rates of $14.95 per RSF through November 30, 2026 and $15.25 per RSF through November 30, 2028, and a renewal agreement with space upgrades is anticipated for Policy Committee approval in April.

Contract Details

Contract Amount

$14.95 per RSF through November 30, 2026; $15.25 per RSF through November 30, 2028

Vendor

KC REAL ESTATE LC (KNAPP PROPERTIES)

Agency

Des Moines Area MPO, IA

Contract Type

FACILITIES

Document Date

April 2, 2026

Contract Term

Current lease through November 30, 2028, with one-time early termination option effective November 30, 2026 if notice given by May 31, 2026; proposed 5-year extension beyond November 30, 2028

Renewal Date

2033-11-30

Renewal Info

Lease last renewed in 2021 and currently extends through November 30, 2028, with a one-time early termination option effective November 30, 2026 if notice is provided by May 31, 2026. Staff and landlord are developing a renewal agreement to extend the lease by five additional years beyond November 30, 2028, including identified office and common-area improvements.

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