Request for proposals lease of bank space at 382 north main street

The Town of East Longmeadow, Massachusetts is requesting proposals for a four-year lease of approximately 4,800 square feet of commercial bank and financial office space (Suite 100, first floor) at 382 North Main Street, with proposals due August 31, 2026 at 10:00 a.m.

The space is currently equipped with night deposit head, receiving safe, vault, safe deposit boxes, teller counters, ATM machine, NCR5688 kiosk, and drive-up window. The lease is structured as triple net, with the lessee responsible for utilities, taxes, insurance, maintenance, repairs, and common area maintenance expenses. The Town has established a fair market rent baseline of $26.50 per square foot and indicates a preference for proposals accommodating specific lease terms over higher rent, as the Town intends to convert available suites to Town Hall offices after the four-year term concludes with no renewal or extension options.

Proposals must include financial statements from the last two years, three credit references, and completion of required certification forms covering non-collusion, tax compliance, authority, and disclosure of beneficial interests. The Selection Committee will evaluate proposals first on minimum requirements—submission completeness, agreement to terms and conditions, and proposer capacity and reliability—then on comparative criteria including proposed use, compatibility with existing features and tenants, anticipated alterations and their impact, overall price with escalation clauses, property management experience, and financial capacity.

Written questions are due August 24, 2026. Proposers may examine Suite 100 prior to submission; no site visit or bidders' conference is scheduled. RFP documents were available from July 22 through August 28, 2026. All proposals must remain firm for 180 days following bid opening. The Town reserves the right to reject any or all proposals and negotiate with any proposer at its discretion.