City of Newport News Awards Professional Services Contract to THALHIMER (November 2022)
City of Newport NewsCity · Newport News, VA- Disclosed value
- Leasing commission equal to 1.5% of aggregate Base Rent for the Renewal Term
- From agenda
- Approved
- Nov 22, 2022
The 30-second brief
As part of the Waters Edge Church lease renewal, the City of Newport News agreed to pay real estate firm Thalhimer a leasing commission equal to 1.5% of the aggregate base rent for the five-year term. The commission is due on or before January 1, 2023.
THALHIMER holds this professional services contract with City of Newport News. Its other public contracts on record include work for Isle of Wight County and Charlottesville-Albemarle MPO.
Term as filed: Commission to be paid on or before January 1, 2023.
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Contract details
- Contract type
- Professional Services
- Amount
- Leasing commission equal to 1.5% of aggregate Base Rent for the Renewal Term
- Document date
- November 22, 2022
- Term
- Commission to be paid on or before January 1, 2023
- Vendor
- THALHIMER
- Agency
- City of Newport News
- Source document
- city_council_regular_meeting_agenda_november_2022.pdf (Agenda)
THALHIMER's other public contracts
More City of Newport News contracts
Questions about this contract
Who was awarded the professional services contract by City of Newport News?
THALHIMER was awarded this professional services contract by City of Newport News, as recorded on November 22, 2022. The contract value is Leasing commission equal to 1.5% of aggregate Base Rent for the Renewal Term.
How much is the THALHIMER contract with City of Newport News worth?
The THALHIMER contract with City of Newport News is valued at Leasing commission equal to 1.5% of aggregate Base Rent for the Renewal Term, covering professional services work.
What type of contract is this?
This is a Professional Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city_council_regular_meeting_agenda_november_2022.pdf (Agenda), dated November 22, 2022 from City of Newport News. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does THALHIMER hold?
THALHIMER may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Newport News currently buying?
Explore City of Newport News's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.