CFTC Notification of Intent for a lease agreement for current Headquarters location
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
AI Contract Overview
The Commodity Futures Trading Commission (CFTC) plans to negotiate and award a sole-source lease renewal to Beacon Capital Partners, operating as LCPC Lafayette Property LLC, for its current headquarters located at 1155 21st Street NW in Washington, DC. This new lease will cover 289,295 rentable square feet and extend for a firm term of five years, starting October 1, 2027. The renewal is intended to bridge the gap while the CFTC undertakes the complex process of competitively procuring and transitioning to a new long-term headquarters, as the existing lease expires on September 30, 2027. This arrangement ensures continuity for the agency’s expanding workforce and operational needs, especially given that the alternative location at 355 E St SW was deemed insufficient. This sole-source lease award is justified under federal regulations allowing for non-competitive procurements when no other source meets the agency’s requirements in the necessary timeframe. The CFTC exercises independent leasing authority and emphasizes that no other property can accommodate its specific needs by the required date. Although this notice is not a solicitation for competitive proposals, the agency invites written responses by June 20, 2026, solely for future market research purposes, with no obligation to compete the requirement. The award is anticipated around September 30, 2026, and the government will not cover any costs incurred in responding to the notice.
General Info
Agency
NAICS
Place of Performance
Washington, DC, 20581, USASet-Aside
Documents
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Organization & Contact Information
Full Description
The Commodity Futures Trading Commission ("CFTC") intends to negotiate and award a sole-source lease to Beacon Capital Partners, DBA LCPC Lafayette Property LLC for the CFTC’s existing Headquarters (“HQ”) lease at 1155 21st St. NW, Washington, DC 20581. The CFTC intends to award a new, 5-year firm-term lease to Beacon Capital Partners for the existing CFTC footprint at this address, which is 289,295 rentable square feet (RSF).
This new 5-year lease is necessary to account for the time required to competitively award a new long-term lease and then design, build out, and move to a new headquarters location. CFTC’s current HQ lease expires on September 30, 2027, which does not allow sufficient time for these steps.
This necessity is the result of the CFTC’s changing requirements and a determination by CFTC leadership that 355 E St SW, Washington, DC, 20024 was insufficient for CFTC’s needs.
By maintaining its current HQ location, the Commission will ensure there is enough room for staff as the agency brings more talent onboard to respond to industry growth and innovation. By remaining at its current location, CFTC staff will not be disrupted from their work as the agency pushes forward a wide agenda between new innovative products and its traditional derivatives roots in agriculture. The CFTC also is well-positioned to bring savings on its next lease and solving a long-simmering problem that has plagued the agency. The CFTC has independent leasing authority (reference 7 U.S.C. § 16(b)(3)) and is the lease holder for its Washington, DC location at 1155 21st Street NW, Washington, DC 20581.
The Government intends to procure this requirement under Revolutionary FAR Overhaul 6.103-1 and 41 U.S.C. 3304(a)(1) because “the property or services needed by the executive agency are available from only one responsible source and no other type of property or services will satisfy the needs of the executive agency.” The CFTC requires office space beginning October 1, 2027, and there is no other property that could satisfy the CFTC’s needs by that date.
THIS NOTICE IS NOT A REQUEST FOR COMPETITIVE PROPOSALS or a solicitation of offers. However, the Government will consider written responses from all responsible sources received by 5PM ET, June 20, 2026. Written responses must include sufficient information to establish the capability to fulfill the requirement. Oral communications are not acceptable in response to this notice. A determination by the government not to compete this proposed requirement is solely within the discretion of the Government. Information received will be considered solely for the purpose of future Market Research requirements. No formal solicitation package is available. The Government anticipates award on or about September 30, 2026. The Government will not be responsible for any costs of preparation in response to this announcement.