Newark Board of Education Finance Committee Meeting Minutes March 2024
Multi-Year Lease for District Facility Approved
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Description
The district approved a lease of nearly 97,000 square feet at 2013 McCarter Highway from SPG 2013 MCCARTER HWY URBAN RENEWAL LLC, starting June 2024 for four years with renewal options.
Contract Details
Vendor
SPG 2013 MCCARTER HWY URBAN RENEWAL LLC
Agency
Newark Public School District, NJ
Contract Type
FACILITIES
Document Date
March 21, 2024
Contract Term
June 1, 2024 – July 31, 2028 (4 years, 2 months)
Renewal Date
2028-07-31
Renewal Info
Mutual five-year renewal option after initial term.
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