CMS L5602 award notice HFS springfield
Active Blanket Method of Source Selection - other Illinois Awarded
- Contract number
- 26-416CMS-LEAS4-P-85607
- Awardee
- Watermark Equity LLC
- Contracting organization
- Leasing
- Contract amount
- $8,508,073
Award facts
- Completion date
- NIGP code
- UNSPSC code
Award details come from bidbuy.illinois.gov. Updated .
About this award
The State of Illinois, through its Chief Procurement Office for General Services, has awarded a lease contract to Watermark Equity LLC for a property located at 2200 Churchill Road in Springfield, Illinois. The contract involves the Healthcare and Family Services (HFS) and Department of Children and Family Services (DCFS), with an initial term of five years from September 1, 2025, to August 31, 2030. The total contract value is $8,508,072.72, utilizing a Blanket Method of Source Selection under alternative procurement methods outlined in 30 ILCS 500/40-15 (b).
The lease agreement includes a potential renewal term of an additional five years, with a projected value of $9,246,393.96. The procurement was determined to be in the best interest of the state, with no specific Business Enterprise Program (BEP) or Veterans Business Program (VBP) utilization goals identified. The contract encompasses a single line item for the initial 5-year lease term, with Watermark Equity LLC serving as the prime contractor for this government real estate transaction.
Line items
| Item | Total |
|---|---|
| Initial Term 5 years | — |
Files
| File | Type | Posted |
|---|---|---|
| 5602 NOA~1.pdf |
Quick answers
Who was awarded contract 26-416CMS-LEAS4-P-85607?
Contract 26-416CMS-LEAS4-P-85607 was awarded to Watermark Equity LLC by Leasing in Illinois on September 1, 2025.
How much is contract 26-416CMS-LEAS4-P-85607 worth?
Its contract amount is $8,508,073.
On GovTribe
See this award's full record
- Every line item and file
- The contract it was ordered under and its other orders
- Similar state and local awards and opportunities
- Ask GovTribe AI about this award