TJPDC Plans New Five-Year Lease With Thalhimer
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Description
The Thomas Jefferson Planning District Commission Building Committee plans to recommend that the full commission authorize the Executive Director to negotiate a new 5-year office lease with Thalhimer that incorporates $221,693 in leasehold improvements amortized over the term. The projected lease will combine base rent and an improvements component ranging from $21.29 to $23.96 per square foot annually, subject to commission approval of the scope of work and costs.
Contract Details
Vendor
THALHIMER
Agency
Charlottesville-Albemarle MPO, VA
Contract Type
FACILITIES
Document Date
October 2, 2025
Contract Term
5-year lease (projected, with 3% annual escalator on improvements component)
Renewal Info
Current 5-year lease expired September 30, 2025; TJPDC is on a month-to-month tenancy pending negotiation of a new 5-year lease that will include amortized leasehold improvements with a 3% annual escalator on the improvements component.
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