FACILITIESAPPROVED

West Virginia University Board of Governors Meeting Agenda Packet February 2026

Cancer Prevention Center Leases Space at WVU Innovation Corporation

$287,638 in rent and CAM for the first year; rent begins at $22.50/sq ft and CAM at $3.50/sq ft, adjustable annuallyWest Virginia UniversityWVU INNOVATION CORPORATIONFebruary 20, 2026

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Description

WVU Board of Governors approved a 5-year lease (with two 5-year renewal options) with the WVU Innovation Corporation for expanded space for the Department of Cancer Prevention and Control, first-year rent and CAM totaling $287,638 and funded via a $50M state grant.

Contract Details

Contract Amount

$287,638 in rent and CAM for the first year; rent begins at $22.50/sq ft and CAM at $3.50/sq ft, adjustable annually

Vendor

WVU INNOVATION CORPORATION

Agency

West Virginia University, WV

Contract Type

FACILITIES

Document Date

February 20, 2026

Contract Term

5-year initial term commencing December 1, 2025 (or upon construction completion), with two optional 5-year renewals

Renewal Date

2030-12-01

Renewal Info

Two optional 5-year renewal terms after initial 5-year term; annual rent/CAM adjustable for inflation.

Issuing Agency