This Government Contract opportunity from General Services Administration was posted on August 10, 2015. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
24 Month Extension of Lease
Contract Overview
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Awarded on August 3, 2015, by the General Services Administration, Project No. 4GA0242 is a 24-month lease extension for the FBI located at 2635 Century Parkway NE, Atlanta, GA 30345. The lease, held by Highwoods Realty Limited Partnership, covers 136,512 rentable square feet and 118,923 ABOA square feet. The agreement consists of a one-year firm term beginning February 1, 2017, with a total term of two years to facilitate a consolidated turnkey prospectus procurement and relocation. The government maintains a cancellation right after the first year with 120 days written notice. Financial terms for the first year include a total annual rent of 3,537,025.92 dollars, which increases to 3,642,032.24 dollars in the second year. This cost is divided between a shell rent rate and a base operating rent, the latter of which is subject to 2.5 percent annual adjustments. The facility includes 25 structured parking spaces and 148 surface parking spaces. Additional provisions include an overtime HVAC rate of 20 dollars per hour for the entire space and a rent adjustment of 2 dollars per ABOA square foot for vacant premises.
General Info
Contract Value
$7,179,058Place of Performance
GASet-Aside
Award Issued Date
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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