Commercial Real Estate Leasing Agent & Property Management Services Rebid

The Town of Westerly is seeking a commercial real estate leasing agent and property management firm to provide services for a property located at 328 Atlantic Avenue in Westerly, RI. The selected firm will be responsible for marketing and leasing the property, as well as providing day-to-day management and maintenance services. The property is a 7.51-acre parcel with a building that has a mix of commercial and residential uses. The ideal firm will have experience in marketing, leasing, and managing commercial and industrial properties. The scope of services includes leasing, property management, and maintenance, as well as providing advice on market conditions and lease terms. Some key points to consider are: • The property has a conservation easement and is located in a flood zone, which may impact development and use. • The building has a mix of commercial and residential uses, and the selected firm will need to balance the needs of both types of tenants. • The Town of Westerly is looking for a firm that can provide a high level of service and responsiveness to tenants and stakeholders. • The contract term is for 12 months, with the option for a one-year extension at the sole discretion of the Town. Some of the key responsibilities of the selected firm will include: • Marketing and leasing the property to attract and retain quality tenants • Providing day-to-day management and maintenance services to ensure the property is well-maintained and secure • Advising the Town on market conditions, lease terms, and other relevant issues • Coordinating with contractors and vendors to perform repairs and maintenance • Managing tenant relationships and responding to tenant inquiries and concerns • Preparing annual reports and budgets for the property • Coordinating with the Town's accounting department to ensure timely payment of invoices and rents.