Request for Proposals to Provide Commercial Real Estate Brokerage Services Follow Solicitation

The Texas Department of Banking, the Department of Savings and Mortgage Lending, and the Office of Consumer Credit Commissioner (collectively, “the Agencies”) seek proposals from qualified, independent firms (“Respondents”) to provide commercial real estate brokerage services in accordance with the specifications contained in this Request for Proposal (“RFP”).

The Agencies own a three-story building situated on 2.15 acres of land located at 2601 North Lamar Blvd. in Austin, Texas (“2601 N. Lamar”), which comprises approximately 36,499 square feet and a parking area with 102 designated spaces. The Agencies will need to continue using this location until they relocate to a new location that is currently under construction.

The Contractor will be responsible for providing support to the Agencies’ staffs in analyzing, negotiating, and closing on the sale of 2601 N. Lamar.

The principal responsibilities of the Contractor shall be to list 2601 N. Lamar for sale, respond to submitted offers, and assist the Agencies in the potential due diligence and closing process associated with such sale transaction.

**Specific services** may include, but are not limited to, the following:

1. Assist the Agencies in the valuation, listing, and sale transaction of 2601 N. Lamar;
2. Assist the Agencies and their legal counsel with sale and potential leaseback negotiations, coordinating execution of all transaction documents, evidence of insurance, Non-Disturbance Agreements, etc.; and
3. Other real estate related services, as requested.

Compensation for the entire scope of services as indicated in this RFP, including research, marketing, and any additional/specialty support services related to a potential sale transaction, shall be through commercial real estate brokerage commissions based on sale price.

Submission method

Proposals must be submitted in hard copy format (one original and three copies) no later than the date and time detailed in 3.2 SCHEDULE OF EVENTS. Each proposal shall be placed in a separate envelope or package, clearly marked as a Request for Proposal to Provide Commercial Real Estate Brokerage Services RFP 451-27-038; and be submitted via U.S. Postal Service, Overnight/Express Mail, or hand delivery. Email and facsimile proposals will not be accepted.

Evaluation criteria

| Category | Points |
| --- | --- |
| Demonstrated experience, competence, qualifications, and capability to perform | 50 |
| References and other indicators of probable performance | 25 |
| Fairness and reasonableness of proposed fees | 25 |
| Total | 100 |

Insurance

Professional Liability insurance with minimum limits of $500,000 per claim and $1,000,000 annual aggregate covering Contractor and all personnel who will provide services under this Contract for rendering or the failure to render professional services.

Contract term

The services requested shall be provided for a period of one year, beginning on the date of the last signature of all of the parties to the contract. [...] The Agencies reserve the right to renew any Contract resulting from this RFP, at their sole discretion, for up to three one-year renewal terms.