FACILITIESPENDING

Des Moines Area MPO Executive Committee Meeting Agenda May 2026

MPO Negotiates Five-Year Extension of Office Lease

Des Moines Area MPOKC REAL ESTATE LC (KNAPP PROPERTIES)May 7, 2026

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Description

The Des Moines Area MPO is negotiating a renewal and five-year extension of its office lease with KC Real Estate, LC (Knapp Properties), covering 8,027 rentable square feet at rates rising from $14.95 to $15.25 per square foot through 2028. The renewal would add facility improvements and extend occupancy beyond the current November 30, 2028 lease end date.

Contract Details

Vendor

KC REAL ESTATE LC (KNAPP PROPERTIES)

Agency

Des Moines Area MPO, IA

Contract Type

FACILITIES

Document Date

May 7, 2026

Contract Term

Current lease through November 30, 2028, with one-time early termination option effective November 30, 2026; proposed five-year extension beyond November 30, 2028

Renewal Date

2028-11-30

Renewal Info

Current lease last renewed in 2021; extends through November 30, 2028, with a one-time termination option effective November 30, 2026, requiring notice by May 31, 2026. Staff recommend exercising an option from Knapp Properties to extend the lease by five additional years beyond November 30, 2028; final renewal terms pending Policy Committee approval.

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