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medical-university-of-south-carolina-agenda-2024-12-13_9a4.pdf

College of Medicine Signs $5.5M Rutledge Tower Sublease

$5,523,582.00 (3 year term)Medical University Of South CarolinaMEDICAL UNIVERSITY HOSPITAL AUTHORITYDecember 13, 2024

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Description

MUSC College of Medicine is entering a three-year, $5.52 million sublease with the Medical University Hospital Authority for space in Rutledge Tower, with options to extend the agreement for an additional six years.

Contract Details

Contract Amount

$5,523,582.00 (3 year term)

Vendor

MEDICAL UNIVERSITY HOSPITAL AUTHORITY

Agency

Medical University Of South Carolina, SC

Contract Type

FACILITIES

Document Date

December 13, 2024

Contract Term

August 1, 2024 – July 31, 2027 (3 years), two 3-year extensions possible

Renewal Date

2027-07-31

Renewal Info

Two three-year extensions possible; space assignments subject to amendment as department needs change.

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