DOWNTOWN MIDLAND MANAGEMENT DISTRICT Awards Facilities Contract to Loraine at Texas Office Tower Ltd Dba Centennial Tower Ltd (August 2026)

The Midland Development Corporation authorized a second amendment to its office lease with Loraine at Texas Office Tower Ltd. d/b/a Centennial Tower, Ltd. for Suite 610 at 200 North Loraine, extending the lease from October 1, 2026 through September 30, 2031 with scheduled rent increases. The amendment also resets the 2026 base year for additional rental calculations.

Scope & details

The full contract record, as filed.

Contract amount

$5,955.50/month (10/01/26–09/30/27); $6,094.00/month (10/01/27–09/30/28); $6,232.50/month (10/01/28–09/30/29); $6,371.00/month (10/01/29–09/30/30); $6,509.50/month (10/01/30–09/30/31)

Contract type

FACILITIES

Contract term

October 1, 2026 – September 30, 2031 (five‑year lease amendment)

Renewal date

2031-09-30

Renewal

This is a second amendment that extends the lease term for five years from October 1, 2026 to September 30, 2031 with annual rent escalations; prior base year is replaced with 2026, and additional rent based on operating costs begins October 1, 2027.

Document type

AgendaPacket

Source document

Midland Development Corporation Board Binder Open Session 2026-08-03

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by DOWNTOWN MIDLAND MANAGEMENT DISTRICT?

Loraine at Texas Office Tower Ltd Dba Centennial Tower Ltd was awarded this facilities contract by DOWNTOWN MIDLAND MANAGEMENT DISTRICT, as recorded on August 3, 2026. The contract value is $5,955.50/month (10/01/26–09/30/27); $6,094.00/month (10/01/27–09/30/28); $6,232.50/month (10/01/28–09/30/29); $6,371.00/month (10/01/29–09/30/30); $6,509.50/month (10/01/30–09/30/31).

How much is the Loraine at Texas Office Tower Ltd Dba Centennial Tower Ltd contract with DOWNTOWN MIDLAND MANAGEMENT DISTRICT worth?

The Loraine at Texas Office Tower Ltd Dba Centennial Tower Ltd contract with DOWNTOWN MIDLAND MANAGEMENT DISTRICT is valued at $5,955.50/month (10/01/26–09/30/27); $6,094.00/month (10/01/27–09/30/28); $6,232.50/month (10/01/28–09/30/29); $6,371.00/month (10/01/29–09/30/30); $6,509.50/month (10/01/30–09/30/31), covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Midland Development Corporation Board Binder Open Session 2026-08-03 (AgendaPacket), dated August 3, 2026 from DOWNTOWN MIDLAND MANAGEMENT DISTRICT. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Loraine at Texas Office Tower Ltd Dba Centennial Tower Ltd hold?

Loraine at Texas Office Tower Ltd Dba Centennial Tower Ltd may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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