County extends Rockwood OPP operations lease via CBRE
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Description
The County of Wellington plans to approve a lease extension with the Province, brokered through CBRE, for 4,800 square feet at the South Wellington (Rockwood) Operations Centre from September 1, 2026 to August 31, 2031. The renewed gross lease will increase to $30 per square foot for the first two years and $32 per square foot for the final three years, maintaining existing terms while adjusting rent.
Contract Details
Contract Amount
$30.00 per sq. ft. for Years 1–2; $32.00 per sq. ft. for Years 3–5 (on 4,800 sq. ft.)
Vendor
CBRE
Agency
County of Wellington, Canada
Contract Type
FACILITIES
Document Date
May 13, 2026
Contract Term
September 1, 2026 – August 31, 2031 (with option for Province to extend to August 31, 2036 under original lease)
Renewal Date
2031-08-31
Renewal Info
Fourth term extension under original lease, covering September 1, 2026 to August 31, 2031, with one further extension option already embedded in the lease allowing the Province to extend to August 31, 2036 with rent subject to adjustment only. County will not offer additional extensions beyond this existing option under the current funding model.
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