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Lease Agreementapproved

university_of_maine_system_board_minutes_june_2025.pdf

University of Maine System Enters Student Housing Lease

$13,608,540University Of Maine-System Central OfficeMASTWAY DEVELOPMENTJune 25, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The University of Maine System is authorized to enter into a lease agreement for an approximately 17,910 square feet student residential housing space with Mastway Development LLC (also known as SC-One LLC) or its successor organization for fifteen (15) years and a cost up to $13,608,540.

Contract Details

Contract Amount

$13,608,540

Vendor

MASTWAY DEVELOPMENT

Agency

University Of Maine-System Central Office, ME

Contract Type

Lease Agreement

Document Date

June 25, 2025

Contract Term

15 years

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