This Government Contract opportunity from General Services Administration was posted on January 9, 2020. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Lease Award
Contract Overview
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The General Services Administration Region 9 Leasing Division has awarded a lease to ELV-I Associates, LLC for 65,316 rentable square feet of office space to accommodate the EPA in Las Vegas, Nevada. This 20-year agreement, which includes a 15-year firm period, commenced on October 1, 2020, and is scheduled to run through September 30, 2040. Under the terms of the contract, the U.S. Government will pay the lessor an annual rent of 1,712,556.87 dollars. This award was processed as a succeeding lease to consolidate two existing leases and reduce the total space utilized. The procurement was conducted under a Justification for Other Than Full and Open Competition, citing specific federal regulations to negotiate with the incumbent lessor. Market research and advertising were performed to ensure the proposed rental rate was fair and reasonable, and the project is categorized under NAICS code 531120 for Lessors of Nonresidential Real Estate.
General Info
Contract Value
$34,251,280.65Place of Performance
Las Vegas, NV, USASet-Aside
Award Issued Date
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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