UNC Recommends Carolina Square Lease Renewals
University Of North Carolina At Chapel HillHigher Ed · Chapel Hill, NC- Disclosed value
- $234,009 annually for Floor 1; $3,301,608 annually for Floors 2–4; $179,252 annually for Floor 5; $868,408 annually for Floor 6; approximately $14.m in total projected savings and approximately $4.5m in free rent
- From agendapacket
- Document date
- Sep 20, 2026
- Renews
- Free account
The 30-second brief
UNC-Chapel Hill recommended amending and renewing four Carolina Square leases with Carolina Square Project LP for 127,825 square feet of office space. The proposed 10-year arrangement begins its amendment period on December 1, 2026, includes 2.5% annual escalations, and is projected to generate substantial savings and approximately $4.5 million in free rent.
Carolina Square Project LP holds this facilities contract with University Of North Carolina At Chapel Hill. Its other public contracts on record include work for University of North Carolina System | State of North Carolina.
The renewal date is on record. Get free alerts for pre-RFPs like this one, matched to what you sell.
Get pre-RFPs for work like this before the bid is out.
Get pre-RFP alerts freeFree account · 30-second setup · No credit card
Contract details
- Contract type
- Facilities
- Amount
- $234,009 annually for Floor 1; $3,301,608 annually for Floors 2–4; $179,252 annually for Floor 5; $868,408 annually for Floor 6; approximately $14.m in total projected savings and approximately $4.5m in free rent
- Document date
- September 20, 2026
- Term
- Ten years; amendment commencement December 1, 2026; stated new expiration dates range from October 31, 2027 to October 31, 2037
- Renews
- On record
- Source document
- The University of North Carolina at Chapel Hill AgendaPacket Budget, Finance, and Infrastructure Committee Meeting 2026-09-23 (AgendaPacket)
Carolina Square Project LP's other public contracts
More University Of North Carolina At Chapel Hill contracts
Questions about this contract
Who was awarded the facilities contract by University Of North Carolina At Chapel Hill?
Carolina Square Project LP was awarded this facilities contract by University Of North Carolina At Chapel Hill, as recorded on September 20, 2026. The contract value is $234,009 annually for Floor 1; $3,301,608 annually for Floors 2–4; $179,252 annually for Floor 5; $868,408 annually for Floor 6; approximately $14.m in total projected savings and approximately $4.5m in free rent.
How much is the Carolina Square Project LP contract with University Of North Carolina At Chapel Hill worth?
The Carolina Square Project LP contract with University Of North Carolina At Chapel Hill is valued at $234,009 annually for Floor 1; $3,301,608 annually for Floors 2–4; $179,252 annually for Floor 5; $868,408 annually for Floor 6; approximately $14.m in total projected savings and approximately $4.5m in free rent, 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 The University of North Carolina at Chapel Hill AgendaPacket Budget, Finance, and Infrastructure Committee Meeting 2026-09-23 (AgendaPacket), dated September 20, 2026 from University Of North Carolina At Chapel Hill. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Carolina Square Project LP hold?
Carolina Square Project LP 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 University Of North Carolina At Chapel Hill currently buying?
Explore University Of North Carolina At Chapel Hill's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
