5CA1604 - GSA AWARDS 3 YEAR LEASE EXTENSION IN LOS ANGELES, CA

The General Services Administration, through the PBS R9 Leasing Division, has awarded a sole-source lease extension for office space located at 725 S Figueroa St., Los Angeles, CA 90017. This action, identified by solicitation 5CA1604 and lease number GS-09P-LCA10097, provides the USSS with 94,145 rentable square feet of office area and 180 secured parking spaces. The total contract value for this extension is $11,591,859.00, covering a 36-month period of performance from June 27, 2025, through June 26, 2028. The award was made without full and open competition under the statutory authority of 41 U.S.C. 3304(a)(1) and GSAR 570.405, with the justification approved on October 15, 2025. This non-competitive approach was necessitated by delays in acquiring replacement federally controlled space and the need to maintain operational continuity and avoid the costs associated with relocation. Market research conducted via CoStar confirmed that the rental rates are fair and reasonable. The contract is administered by Lease Contracting Officer William Fletcher.