DRC Commercial Lease 7162 Reading Road, Cincinnati

The Ohio Real Estate RE08270-3 Indefinite Delivery Vehicle (IDV) is a comprehensive contract designed to provide state agencies and local government entities with professional real estate services. This master contract enables procurement of critical real estate-related services within the state, specifically targeting the UNSPSC category of Real Estate Services (80130000). The IDV is structured to support a wide range of real estate needs, including property acquisition, leasing, disposition, and related consulting services for Ohio governmental organizations.

The IDV is awarded to Tower Ventures Opp LLC and is administered by the Ohio Department of Administrative Services (DAS). The contract is valid from October 1, 2025, through June 30, 2027, providing a two-year period for state and local entities to leverage its services. As a state-level contract, it covers the entire state of Ohio and offers a flexible, competitively solicited contract vehicle that allows governmental units to efficiently access professional real estate solutions without conducting individual, time-consuming procurement processes.