State Evaluating Bids for relocating displaced employees

Bids under seal with state officials could move the first workers out of the Cordell Hull Building and into private office space by March of next year, reports The Tennessean.
Six firms, including Lifeway Christian Resources and Bellsouth Telecommunications LLC, have submitted offers to lease out space for 301 workers in the Department of Children’s Services. The state plans to settle on a deal no later than Aug. 19.
The offers were made last week under a bidding process that also names Jones Lang LaSalle as the state’s broker, giving the Chicago real estate firm a 4 percent commission if a deal is closed.
The Department of General Services has refused to release information about the offers — apart from the bidders’ names — until a winner is chosen and a recommendation sent to the State Building Commission. Officials maintain that the state’s open records law allows them to accept real estate bids under seal.
About 1,000 state workers currently work in Cordell Hull, a nine-story office block next to the state Capitol. Citing a review done by Jones Lang LaSalle, state officials say water persistently seeps into the nearly 60-year-old building. They say it would cost the state more than $24 million to keep Cordell Hull in service.
Lawmakers approved a state budget in April that included funding to shut down Cordell Hull, an annex called the Central Services Building, the Tennessee Regulatory Authority’s headquarters and three other state buildings in Chattanooga and Memphis.


See also the Chattanooga TFP, which reports on six sealed bids for housing displaced Chattanooga state employees.

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