USA | MA | HAMPDEN COUNTY | EAST LONGMEADOW Small City
Town Of East Longmeadow - MA
Bank Branch/ Lease Of Bank Space
East Longmeadow RFP for Lease of Bank Space at 382 N. Main St
Lease of bank space at 382 North Main Street
AI helper
The submission deadline for proposals is Monday, June 15, 2026, at 10:00 AM. The bid opening is also on Monday, June 15, 2026, at 10:00 AM.
The bid notice states that the lease shall be a triple net lease, meaning all costs, expenses, and obligations relating to the property, including construction, alterations, maintenance, repairs, restoration, reconstruction, and replacement, shall be paid by the lessee at their sole cost and expense. All payments of rent shall be absolutely net to the town. In addition to base rent, the lessee shall be responsible for utilities, taxes, and insurance for the leased space, as well as common area maintenance expenses and operating expenses incurred by the town.
The lease will be awarded to the proposer submitting the most advantageous proposal, as determined by the town, based on an evaluation using comparative criteria including proposed use, compatibility, alterations, proposed payments, property management experience, and financial capacity.
Proposers must be qualified and demonstrate the capacity, integrity, and reliability to perform under the lease. They must also submit copies of financial statements from the last two years and at least three credit references, including a bank or credit institution.
The bid notice mentions that false or misleading information regarding any material matter shall be grounds for rejection of the proposal or termination of the agreement if discovered after the award. It also states that if the selected finalist fails to enter into a lease within sixty days after award, the town reserves the right to award the lease to the next most advantageous bidder.
The bid notice implies that proposers have had an opportunity to examine the suite 100 in all respects, suggesting a possibility for inspection, but does not explicitly state a mandatory or optional site visit requirement.
The bid notice does not explicitly state a deadline for submitting challenges or objections.
The estimated value is $127,200 annual base rent plus an estimated $55,200 in utilities/common area maintenance annually.
Bid Close Date: