Western Michigan University Board of Trustees Proposal March 2026
WMU Approves $6M Purchase of Newell Rubbermaid Facility
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Description
Western Michigan University Board of Trustees approved the $6M purchase of the Newell Rubbermaid property at 3300 Research Way, including building, furniture, and equipment. Newell Rubbermaid retains a leaseback right for up to one year after closing at $41,667/month.
Contract Details
Contract Amount
$6,000,000
Vendor
NEWELL RUBBERMAID
Agency
Western Michigan University, MI
Contract Type
EQUIPMENT
Document Date
March 10, 2026
Contract Term
Purchase to close by April 3, 2026. One-year lease-back option for seller at $41,667/month.
Renewal Date
2027-04-03
Renewal Info
Not applicable; one-time property acquisition. Leaseback period for up to one year post-closing, optional for seller.
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