FACILITIESAMENDED

Georgia Tech Expands Ohio Research Office Lease to 2034

The Board of Regents approved an amendment to the sub-rental agreement with Georgia Tech Applied Research Corporation to expand the leased office space in Fairborn, Ohio. The lease covers approximately 21,309 RSF at $40,216.63/month, includes a $350,000 tenant improvement allowance, and adds renewal options through June 2034. This space supports Georgia Tech's research activities near Wright-Patterson Air Force Base.

Document date · January 17, 2024

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Scope & details

The full contract record, as filed.

Contract amount
$40,216.63/month ($482,599.56 per year annualized/$22.65 per RSF), plus tenant improvement allowance of $350,000
Contract type
FACILITIES
Contract term
September 1, 2023 – June 30, 2024, with 10 annual renewal options through June 30, 2034
Renewal date
2034-06-30
Renewal
Four additional renewal terms, then ten annual options through June 2034; base rent escalation of ~3% per year. Tenant improvement allowance included in amendment.
Document type
Minutes
Source document
board_of_regents_minutes_january_2024.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Board of Regents, University System of Georgia | State of Georgia?

Georgia Tech Applied Research Corporation was awarded this facilities contract by Board of Regents, University System of Georgia | State of Georgia, as recorded on January 17, 2024. The contract value is $40,216.63/month ($482,599.56 per year annualized/$22.65 per RSF), plus tenant improvement allowance of $350,000.

How much is the Georgia Tech Applied Research Corporation contract with Board of Regents, University System of Georgia | State of Georgia worth?

The Georgia Tech Applied Research Corporation contract with Board of Regents, University System of Georgia | State of Georgia is valued at $40,216.63/month ($482,599.56 per year annualized/$22.65 per RSF), plus tenant improvement allowance of $350,000, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in board_of_regents_minutes_january_2024.pdf (Minutes), dated January 17, 2024 from Board of Regents, University System of Georgia | State of Georgia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Georgia Tech Applied Research Corporation hold?

Georgia Tech Applied Research Corporation 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 Georgia Tech Applied Research Corporation's profile

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