X1DB--NOLA RRTP Lease Award Notice Award to Vet Build, LLC
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The Department of Veterans Affairs has awarded Lease No. 36C10F26L0012 to VET BUILD LLC for a 20-year term to lease 95,667 ANSI/BOMA square feet of medical and residential space along with 95 parking spaces at 12201 Levy Drive in New Orleans, Louisiana, to support the New Orleans Residential Rehabilitation Treatment Facility. The lease, issued under solicitation RLP No. 36C10F24R0017, is designated as a Veteran-Owned Small Business set aside, with a total contract value of $143,610,446, encompassing the base term, any option periods, and all tenant improvement costs amortized into the rent schedule. The commencement date, along with termination and renewal terms, will be formally defined in a Lease Amendment following the government’s substantial completion and acceptance of the space. VET BUILD LLC, located at 2740 St. Louis Street, Suite A, New Orleans, LA 70119-5518, is the designated lessor, and the facility will serve as a critical component of the VA’s healthcare infrastructure in the region.
General Info
Agency
Contract Value
$143,610,446NAICS
Place of Performance
DCSet-Aside
Awardee
Award Issued Date
Documents
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Full Description
Project: Department of Veterans Affairs Mid-Level Lease in New Orleans, LA Classification Code: X NAICS Code: 531120 Set Aside: VOSB Lease Award Date: July 2, 2026
This serves as notice that the Department of Veterans Affairs (VA) has accepted an offer, pursuant to RLP No. 36C10F24R0017 for Lease No. 36C10F26L0012 to lease 95,667 ANSI/BOMA square feet (or 102,842 rentable square feet) of medical and residential space and 95 parking spaces for a 20-year firm term at 12201 Levy Drive, New Orleans, LA 70128 for the New Orleans, LA Residential Rehabilitation Treatment Facility. The Lease has been awarded to the following Lessor:
VET BUILD LLC 2740 St. Louis Street Suite A New Orleans, LA 70119-5518
The commencement date of this Lease, along with any applicable termination and renewal rights, shall be more specifically set forth in a Lease Amendment upon substantial completion and acceptance of the Space by the Government.
Total Lease Contract Value (TLCV)*: $143,610,446.00
*The Total Lease Contract Value (TLCV) recited herein is the entire lease award amount at initial award, including the dollar value of option periods, if applicable, plus any lump-sum and/or amortized tenant improvement costs reflected in the rent schedule. Lump-sum tenant improvement costs based on allowances and definitized post-award/post-design are computed based on the lease ABOA SF and allowance value.
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