OTHERAWARDED

Southern Technology Center District #20 Commercial Property Lease JRE Strategies LLC 2025

Five-Year Campus Lease Awarded to JRE Strategies LLC

$4,000.00 per month (annual increases of 2.5%)Southern Oklahoma Technology CenterJRE STRATEGIES LLCAugust 1, 2025

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Description

Southern Technology Center District #20 awarded a five-year commercial property lease to JRE Strategies, LLC for a two-acre parcel on its campus. The lease starts at $4,000 per month with annual 2.5% increases and automatic renewals unless notice is provided. JRE Strategies, LLC will be responsible for all utilities, insurance, improvements, and compliance requirements.

Contract Details

Contract Amount

$4,000.00 per month (annual increases of 2.5%)

Vendor

JRE STRATEGIES LLC

Agency

Southern Oklahoma Technology Center, OK

Contract Type

OTHER

Document Date

August 1, 2025

Contract Term

60 months initial, with automatic 60-month renewals unless 180 days notice

Renewal Date

2030-08-01

Renewal Info

Initial 60-month term. Lease renews automatically for consecutive 60-month periods unless either party provides written notice of non-renewal at least 180 days before expiration. Annual rent increases of 2.5%; 2.5% rent increase at each renewal. Month-to-month holdover applies if tenant remains after lease expiration.