Coralville Office Space 3-Year Lease Extension PoP: 6/9/2025-6/8/2028
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
AI Contract Overview
The Department of Veterans Affairs, Network Contract Office 23, has executed a non-competitive lease extension with Mostafavi Plaza VA LLC for 7,658 rentable square feet of office space located at 1303 5th St, Coralville, IA 52241. This facility supports the Iowa City Contracting Office and does not include parking spaces. The lease extension is for a three-year term commencing June 9, 2025, and ending June 8, 2028, consisting of a two-year firm period and a one-year non-firm period. The government retains 90-day termination rights for convenience. The agreement carries an annual average rent of $302,793.99, with an estimated total contract value between $605,587.98 and $908,381.97 depending on the exercise of the non-firm year. This sole-source award was justified under 38 U.S.C. § 8103(h)(1) and the Simplified Lease Acquisition Threshold (SLAT), citing mission-critical requirements to accommodate employees returning to the office per Executive Order and the cost-effectiveness of the extension over relocation. The procurement was managed by Contracting Officer Scott Jennings.
General Info
Contract Value
$908,381.98Place of Performance
Coralville, IA, USASet-Aside
Awardee
MOSTAFAVI PLAZA VA LLCAward Issued Date
Timeline
Organization & Contact Information
Full Description
This serves as notice that the United States Government has executed a 3-Year (2-year firm and 1-year non-firm) lease extension with 90-day termination rights for 7658 rentable square feet of office space for the Department of Veterans Affairs, Iowa City Contracting Office, 1303 5th St, Coralville, IA 52241. The leased premises does not include parking spaces. The lease extension has been awarded to Mostafavi Plaza VA LLC in Iowa City, Iowa. The lease extension term commences 6/9/2025 through 6/8/2028 at the annual average rent of $302,793.99. Justification for Other than Full and Open Competition attached.
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