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Leaseapproved

university_of_maine_system_board_of_trustees_meeti.pdf

UMA leases student housing space with Mastway for 15 years

$13,608,540University Of Maine-System Central OfficeMASTWAY DEVELOPMENTJuly 14, 2025

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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
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Description

The University of Maine System has entered into a 15-year lease agreement with Mastway Development LLC (SC-One LLC) for student residential housing space in Augusta. The lease covers approximately 17,910 square feet with a total 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

Document Date

July 14, 2025

Contract Term

15 years

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