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Commercial Real Estate Leasing Agent & Property Management Services Addendum 1
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Title:  

Commercial Real Estate Leasing Agent & Property Management Services Addendum 1

Agency:  

Town of Westerly

State:  

Rhode Island

NAICS Code:  

531312

Industry:  

Real Estate

Solicitation Type:  

Request for Proposal

Solicitation ID:  

26-45-1

Open Date:  

4/8/2026

Close Date:  

4/8/2026

Last Updated:  

Description:
The Town of Westerly is seeking a qualified firm to serve as its commercial real‑estate leasing agent and to provide ongoing property‑management services for municipal assets. The contractor will be responsible for marketing available spaces, negotiating leases, handling tenant relations, overseeing day‑to‑day property operations, preparing budgets, and delivering regular performance reports to the municipality. • Perform leasing activities: market vacant commercial spaces, screen prospective tenants, negotiate lease terms, and execute lease agreements. • Provide comprehensive property‑management services: maintenance coordination, rent collection, tenant correspondence, and compliance with local regulations. • Deliver financial oversight: prepare operating budgets, track expenses, produce monthly/annual financial statements, and advise on capital improvements.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Eileen Cardillo

(401) 348-2599

Budget Estimate (AI):

$200,000 – $500,000

Based on typical municipal property‑management contracts for a small‑to‑mid‑size town, annual fees usually range between $200 k and $500 k, covering leasing commissions, management overhead, maintenance coordination, and reporting. The final amount will depend on the portfolio size, lease volume, and scope of services required.

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