U.S. Government Awards Lease Extension for Office and Related Space in Washington, DC
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The General Services Administration has awarded a sole-source lease extension to Potomac Creek Associates, LLC for 163,538 rentable square feet of office space located at 470/490 L'Enfant Plaza, SW, Washington, DC. This action, identified by project number 3DC0613 and lease number LDC02211, ensures uninterrupted operations for the National Transportation Safety Board (NTSB). The extension was justified under 41 U.S.C. 3304(a)(1) and GSAR 570.405 due to unexpected delays in acquiring replacement space and pending Congressional approval for a consolidation prospectus. The lease extension spans a total of 30 months, featuring a 24-month firm term beginning December 1, 2025, and ending May 31, 2028. The government maintains a termination right effective December 1, 2027, to align with the anticipated November 2027 occupancy of a future consolidated facility. To ensure cost reasonableness, the GSA conducted market research via CoStar to validate rental rates. Upon the NTSB's eventual relocation, the contractor is required to decommission the existing space.
General Info
Contract Value
$22,264,063.2Place of Performance
Washington, DC, USASet-Aside
Awardee
STONELEX C LLCAward Issued Date
Timeline
Organization & Contact Information
Full Description
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