Lease of Parker Avenue School to Community Teamwork Inc.
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Description
Dracut Public Schools awarded a 5-year lease agreement to Community Teamwork Inc. for 18,500 square feet at Parker Avenue Elementary School, at $277,500 annually, with a CPI-based annual escalation and a 5-year extension option. Lessee will operate a Community Action Agency and maintain the leased premises.
Contract Details
Contract Amount
$277,500 per year (increases annually by CPI)
Vendor
COMMUNITY TEAMWORK INC
Agency
Dracut School District, MA
Contract Type
FACILITIES
Document Date
March 23, 2026
Contract Term
5 years initial term, commencement March 2026, with 5-year extension option
Renewal Date
2031-03-23
Renewal Info
5-year initial term, with one 5-year renewal option exercisable by lessee with 6 months’ notice; annual rent increases by CPI starting year two.
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