The RFP solicits proposals and supporting information from a select group of prequalified development and management teams ("Developers" or "Offerors") interested in financing, designing, building, owning, managing and marketing a new Class A office/lab building
of approximately 80,000 Square Feet Gross Building Area ("Building 1") in accordance with the
vision of the University. This development opportunity is hereinafter referred to as the “Site.” The
University will review each Proposal it receives and will seek to negotiate the terms of an
unsubordinated ground lease (“Ground Lease”) and a development agreement for Building 1with the
selected Developer, if any, whose Proposal best meets University needs as solely determined by the
University. The terms of the Ground Lease for the Project will be subject to approval by the Board
of Curators.