FACILITIESAMENDED

GTRI New England Lease Expanded and Extended

The Board of Regents approved an amendment to the Georgia Tech Applied Research Corporation sub‑rental agreement for GTRI’s New England Field Office in Lincoln, Massachusetts, expanding leased space to 9,330 square feet at about $365,000 annually. The amended lease includes 11 one‑year renewal options and a $1.2 million tenant improvement allowance for specialized secure facilities.

Document date · February 11, 2020

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Scope & details

The full contract record, as filed.

Contract amount
$365,176.20 per year (initial term; $30,431.35 per month; $39.14 per SF)
Contract type
FACILITIES
Contract term
Initial term through approximately January 2031 if all annual renewal options exercised; 11 one-year renewal options after renovations
Renewal date
2031-01-31
Renewal
Amendment adds 11 annual renewal options after completion of renovations, with rent increasing $1.00 per SF every 12 months; final term could extend to around January 2031 if all renewals are exercised.
Document type
Minutes
Source document
board_of_regents_meeting_minutes_february_2020.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Board of Regents, University System of Georgia | State of Georgia?

Georgia Tech Applied Research Corporation was awarded this facilities contract by Board of Regents, University System of Georgia | State of Georgia, as recorded on February 11, 2020. The contract value is $365,176.20 per year (initial term; $30,431.35 per month; $39.14 per SF).

How much is the Georgia Tech Applied Research Corporation contract with Board of Regents, University System of Georgia | State of Georgia worth?

The Georgia Tech Applied Research Corporation contract with Board of Regents, University System of Georgia | State of Georgia is valued at $365,176.20 per year (initial term; $30,431.35 per month; $39.14 per SF), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in board_of_regents_meeting_minutes_february_2020.pdf (Minutes), dated February 11, 2020 from Board of Regents, University System of Georgia | State of Georgia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Georgia Tech Applied Research Corporation hold?

Georgia Tech Applied Research Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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