The selected firm shall act as the Town’s representative in all commercial real estate matters, including but not limited to: 1. Brokerage Services • Lease Negotiation and Renewals: Conduct new lease negotiations and renewals on behalf of the Town, securing terms that optimize occupancy, minimize cost, and protect the Town’s interests. • Transaction Management: Manage all aspects of commercial real estate transactions, including acquisitions, dispositions, and relocations, ensuring thorough due diligence, documentation and legal compliance, and inclusion of contingency clauses (inspection, financing, title, appraisal). • Market Analysis: Provide market intelligence to support future planning and strategic use of Town-owned real estate. • Support for Strategic Planning: Advise on space utilization, consolidation opportunities, and future space needs based on Town growth projections and in alignment with the Town’s Comprehensive Plan. • Property Portfolio Oversight: Manage and advise on the Town’s portfolio of five (5) identified properties which may change due to acquisitions/dispositions, ensuring optimal use, value and alignment with the Town’s Strategic Plan. 2. Property Management: • Day-to-Day Operations Oversight: Manage daily property operations, resolve tenants’ issues and complaints to the extent possible prior to elevating to the Town’s involvement, and ensuring all facilities are clean, safe, accessible, and fully operational...
