LEASEAPPROVED

Michigan Department of Treasury Awards Lease Contract to Vrei 40th Llc (January 2026)

Michigan State Police approved a new 10-year lease with VREI 40th, LLC for expanded storage/warehouse space in Kentwood, starting January 2023, with base and operational costs totaling $22,069.88 monthly.

Document date · January 6, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
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Scope & details

The full contract record, as filed.

Contract amount
$15,323.63/month base ($7.95/sq ft), $6,746.25/month ops ($3.50/sq ft), 2% annual base increase, 10-year term
Contract type
LEASE
Contract term
January 1, 2023 – December 31, 2032 (10 years)
Renewal date
2032-12-31
Renewal
10-year lease with standard 150-day cancellation. Subject to escalation and annual review.
Document type
Agenda
Source document
building_committee_state_administrative_board_agen.pdf

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the lease contract by Michigan Department of Treasury?

Vrei 40th Llc was awarded this lease contract by Michigan Department of Treasury, as recorded on January 6, 2026. The contract value is $15,323.63/month base ($7.95/sq ft), $6,746.25/month ops ($3.50/sq ft), 2% annual base increase, 10-year term.

How much is the Vrei 40th Llc contract with Michigan Department of Treasury worth?

The Vrei 40th Llc contract with Michigan Department of Treasury is valued at $15,323.63/month base ($7.95/sq ft), $6,746.25/month ops ($3.50/sq ft), 2% annual base increase, 10-year term, covering lease work.

What type of contract is this?

This is a Lease contract, documented as a agenda record.

Where was this contract approved?

This contract appears in building_committee_state_administrative_board_agen.pdf (Agenda), dated January 6, 2026 from Michigan Department of Treasury. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vrei 40th Llc hold?

Vrei 40th Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Vrei 40th Llc's profile

What is Michigan Department of Treasury currently buying?

Explore Michigan Department of Treasury's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Michigan Department of Treasury's profile