Commercial Real Estate Lease Management – Nonresidential Building

The Small Business Administration has secured a 60-month extension to manage and occupy 12,867 rentable square feet of nonresidential office space in Seattle, Washington, under a commercial real estate lease agreement. This contract, classified as a subcontract under NAICS code 531120, is administered by the General Services Administration’s Office of Leasing and ensures continued occupancy of the existing leased premises without relocation. The lease extension supports the agency’s operational needs through the end of the six-year term, maintaining continuity in its regional presence and workspace stability. All terms, responsibilities, and obligations related to the management of the property are governed under the terms of the original lease and its subsequent extension, with no changes to the location or core occupancy requirements.