UW‑Madison Expands Element Labs Lease for Research Space
University Of Wisconsin-System AdministrationHigher Ed · Madison, WI- Disclosed value
- Initial Lease Term Total Projected Cost $27,500,000 (Gross rent $14,500,000; Tenant Improvements $13,000,000)
- From agenda
- Document date
- Dec 7, 2023
- Renews
- Free account
The 30-second brief
The Board of Regents approved a lease amendment with University Research Park to add approximately 13,648 square feet of laboratory space at 5510 Element Way for an interdisciplinary pathobiological research group at UW‑Madison. The 15‑year lease, with two five‑year renewal options, has a projected total cost of $27.5 million including tenant improvements.
University Research Park holds this facilities contract with University Of Wisconsin-System Administration. Its other public contracts on record include work for University of Wisconsin System | State of Wisconsin and Madison Metropolitan School District.
The renewal date is on record. A free account shows it, with the renewals for every University Of Wisconsin-System Administration contract.
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Contract details
- Contract type
- Facilities
- Amount
- Initial Lease Term Total Projected Cost $27,500,000 (Gross rent $14,500,000; Tenant Improvements $13,000,000)
- Document date
- December 7, 2023
- Term
- 15 years, with two five-year renewal options
- Renews
- Free account
- Vendor
- University Research Park
- Source document
- capital_planning_and_budget_committee_agenda_decem.pdf (Agenda)
University Research Park's other public contracts
More University Of Wisconsin-System Administration contracts
Questions about this contract
Who was awarded the facilities contract by University Of Wisconsin-System Administration?
University Research Park was awarded this facilities contract by University Of Wisconsin-System Administration, as recorded on December 7, 2023. The contract value is Initial Lease Term Total Projected Cost $27,500,000 (Gross rent $14,500,000; Tenant Improvements $13,000,000).
How much is the University Research Park contract with University Of Wisconsin-System Administration worth?
The University Research Park contract with University Of Wisconsin-System Administration is valued at Initial Lease Term Total Projected Cost $27,500,000 (Gross rent $14,500,000; Tenant Improvements $13,000,000), covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agenda record.
Where was this contract approved?
This contract appears in capital_planning_and_budget_committee_agenda_decem.pdf (Agenda), dated December 7, 2023 from University Of Wisconsin-System Administration. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does University Research Park hold?
University Research Park 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 Wisconsin-System Administration currently buying?
Explore University Of Wisconsin-System Administration's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.