Commercial Leasing Broker Services

The Teacher Retirement System of Texas (TRS), a public pension fund and entity of the State of Texas, has issued a Request for Proposals (RFP No. TRS000468) to solicit qualified State of Texas Licensed Commercial Real Estate Brokers to provide commercial real estate broker services throughout the State of Texas. The objective is to obtain services that represent the best value for TRS and the State of Texas. The scope of work includes advising TRS on the commercial real estate market, representing TRS to lease or acquire real property for regional offices, and providing various brokerage services. The initial contract term is one year with two optional two-year renewal terms. The RFP outlines the evaluation criteria, which will consider factors such as respondent past performance, key personnel, technical approach, and fee schedule. Respondents are required to submit their proposals through the TRS electronic procurement system, PAVES, by the due date of February 26, 2024.

The RFP does not specify any set-aside designations or restrictions on the types of organizations that can respond. The RFP does not mention any incumbent vendors or current contractors, nor does it provide any information on existing infrastructure or technology that requires integration. The RFP does not include any listed award values or budget ranges.