HomeMy WebLinkAbout6G (2)�, c, ( Z)
• r a n • U M n!'m Community & Economic Development
227 West Jefferson, Suite 1200, South Bend, Indiana 46601 -1830 ❑ Phone 574/235 -9371 ❑ Fax 574/235 -9021
To: Redevelopment Commission
From: Jitin Kain ",,V-
Subject: Contract with CBRE /Bradley
Date: March 23, 2012
On March 6, 2012, Redevelopment staff received a Request for Proposal (RFP) from a local broker representing a
high tech company. This company is looking to lease approximately 8,000- 10,000 sq.ft of office and lab space in
the area. The RFP requests a response from the Commission for two of their buildings - Schillings Building (329
Lafayette) and Sinco Pool Building (130/202 E. Sample).
Attached is a service contract from CBRE /Bradley to respond on behalf of the Commission to the RFP. Terms of
the agreement are included in the attached agreement and generally include:
1. CRRE /Bradley will act as the Commission's broker in order to complete a leasing proposal for a potential
tenant in the two Commission owned properties stated above.
2. The Commission agrees to pay broker $2,250 to complete the Request for Proposal issued by the
potential tenant. CBRE will additionally coordinate all efforts required in the proposal and engage in
negotiations and other discussions with the potential tenant. If the Commission property is leased by the
tenant, then CBRE will receive an additional commission of $3,500.
The total fee for this service is $5,750 with $3,500 being paid to the broker only if one of the above mentioned
properties is leased. Staff requests approval of the attached contract with CBRE /Bradley.
CBRE (Bradley
ROBERT BRADLEY ASSOCIATES, LLC
DB /A CB RICHARD ELLIS I BRADLEY
BROKERAGE AND MANAGEMENT
LICENSED REAL ESTATE BROKER
LEASING COMMISSION AGREEMENT
(SINGLE PROSPECT)
1 The undersigned ( "Owner ") hereby confirms the following commission agreement with ROBERT
BRADLEY ASSOCIATES, LLC D/B /A CB RICHARD ELLIS I BRADLEY ( "Broker "), concerning the
lease of all or portions of the real property hereinafter described as 329 S Lafayette Blvd, South Bend, IN,
46601 and 130/202 E Sample St, South Bend, IN 46601(the "Property ") during the period commencing
March 12, 2012, and ending midnight June 15, 2012 (the "Term ") to the prospective tenant represented by
Christian Davey of Grubb & Ellis (the "Tenant ").
2 Owner agrees to pay Broker a commission of Two Thousand Two Hundred Fifty dollars ($2,250.00) upon
execution of this contract. If the Property is ]eased during the Term to Tenant or if within one hundred
twenty (120) days after the end of the Term: (a) the Property is ]eased to Tenant, (b) Owner enters into a
contract for the lease of the Property with Tenant, or (c) negotiations continue, resume or commence and
thereafter continue leading to a lease of the Property to Tenant, Owner agrees to pay Broker an additional
Three Thousand Five Hundred dollars ($3,500.00), due upon lease execution.
3 It is expressly understood that this agreement shall not be construed as a listing agreement.
4 All negotiations with Tenant shall be through Broker. Broker shall provide Tenant with leasing proposals
and coordinate all efforts required for proposal and lease execution.
5 Owner acknowledges that, with respect to this transaction, Broker represents the Owner only.
6. Owner agrees to disclose to Broker and to Tenant any and all information which Owner has regarding
present and future zoning and environmental matters affecting the Property and regarding the condition of
the Property, including but not limited to relevant structural, mechanical and soils conditions, the presence
and location of asbestos, PCB transformers, other toxic, hazardous or contaminated substances, and
underground storage tanks, in, on or about the Property. Broker is authorized to disclose any such
information to Tenant.
7. This Agreement constitutes the entire agreement between Owner and Broker and supersedes all prior
discussions, negotiations and agreements, whether oral or written. No amendment, alteration or
cancellation of this Agreement shall be valid or binding unless made in writing and signed by both Owner
and Broker. This Agreement shall be binding upon the heirs, successors and assignees of the parties.
8. The parties hereto agree to comply with all applicable federal, state and local laws, regulations, codes,
ordinances and administrative orders having jurisdiction over the parties, property or the subject matter of
this Agreement, including, but not limited to, the 1964 Civil Rights Act and all amendments thereto, the
Foreign Investment In Real Property Tax Act, the Comprehensive Environmental Response Compensation
and Liability Act, and the Americans With Disabilities Act.
The undersigned Owner hereby acknowledges receipt of a copy of this Agreement and the Schedule.
APPROVED this day of
Signature Page follows
2012
Broker:
Robert Bradley Associates, LLC
d/b /a CB Richard Ellis I Bradley
Licensed Real Estate Broker
By:
Bradley J. To er
Managing Directo , Brokerage Services
101 N. Michigan St., Suite 300
South Bend, IN 46601
(574) 237 -6000
2
Owner:
a (n)
[Print or type legal status of Owner -e.g., partnership,
corporation or sole proprietorship -and name of state where
formed]
By:
[Owner or Owner's authorized representative signs]
Name /Title:
[Print or type name and title of person signing]
Address:
[Print or type address of Owner)
Telephone:
[Print or type telephone number of Owner]