RSC/OOD Commercial Lease 195 Union Street, Newark

The Ohio Real Estate RE08214-3 Indefinite Delivery Vehicle (IDV) provides comprehensive real estate services across the state, focusing on procurement of professional real estate solutions for government agencies and authorized entities. Under this contract, authorized users can access a wide range of real estate-related services, including property acquisition, leasing, valuation, site selection, and real estate consulting support. The contract is specifically designed to streamline and standardize real estate transactions for Ohio state entities by offering a pre-qualified vendor with established pricing and terms.

The master IDV is awarded to Newark Development Partners and is administered by the Ohio Department of Administrative Services (DAS). The contract will be in effect from July 1, 2025, through June 30, 2027, providing a two-year period of performance for state agencies and potentially other authorized governmental entities within Ohio. As a real estate services contract categorized under UNSPSC code 80130000, this IDV offers a strategic procurement mechanism for obtaining professional real estate services with predetermined contract terms, ensuring efficiency and cost-effectiveness in real estate-related procurements.