Lease Renewal Negotiations for New Bedford Campus Underway

Scope & details

The full contract record, as filed.

Contract amount

$16 per square foot (current lease); purchase price $9M; city assessment $5.5M

Contract type

FACILITIES

Contract term

Current lease expires October 2026; four 5-year options to renew, or potential 10-year lease under negotiation

Renewal date

2031-10-31

Renewal

College has four five-year renewal options with STORE Capital at 1.5% annual increase; negotiations ongoing to potentially lock in a 10-year lease with lower escalation.

Document type

Minutes

Source document

Bristol Community College Board of Trustees Meeting Minutes 2026-05-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Bristol Community College?

Store Capital was awarded this facilities contract by Bristol Community College, as recorded on May 4, 2026. The contract value is $16 per square foot (current lease); purchase price $9M; city assessment $5.5M.

How much is the Store Capital contract with Bristol Community College worth?

The Store Capital contract with Bristol Community College is valued at $16 per square foot (current lease); purchase price $9M; city assessment $5.5M, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Bristol Community College Board of Trustees Meeting Minutes 2026-05-04 (Minutes), dated May 4, 2026 from Bristol Community College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Store Capital hold?

Store Capital may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Bristol Community College currently buying?

Explore Bristol Community College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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