Frances N. Okazaki

Frances N. Okazaki serves as Executive Vice President at the PBS R00 Center for Broker Services within the General Services Administration’s Public Buildings Service, where she leads the strategic acquisition and management of commercial real estate assets to support federal agency operations nationwide. In this executive capacity, she oversees the end-to-end procurement lifecycle for nonresidential leasing contracts, ensuring alignment with federal space optimization goals, cost-efficiency standards, and mission-critical workspace requirements. Her portfolio primarily encompasses long-term lease agreements for office and mixed-use properties, requiring sophisticated real estate transaction management, market analysis, and interagency coordination to secure optimal federal footprints. Okazaki maintains consistent contracting relationships with a select group of experienced real estate owners and developers, including TWO CON LLC, ONNI TIMES SQUARE LP, CVD MAIN LLC, BELTSVILLE GSA FDA LLC, and CC OWNER LLC. These partnerships reflect a preference for established commercial property holders with proven track records in federal leasing, particularly those managing high-demand urban and suburban office portfolios. Her procurement approach emphasizes stability, compliance, and performance-based lease terms, fostering long-term vendor collaboration grounded in transparency and regulatory adherence. Notably, Okazaki’s contracting activity is entirely non-set-aside, with 100% of awards issued under full and open competition. This reflects a strategic focus on maximizing market access and competitive pricing rather than socioeconomic set-asides, aligning with the Center’s mission to secure the most cost-effective and scalable real estate solutions for federal tenants. Her primary procurement focus lies in NAICS 531120 (Lessors of Nonresidential Buildings), which accounts for 75% of her portfolio, alongside NAICS 531190 (Lessors of Other Real Estate Property) at 25%. This specialization demonstrates deep expertise in commercial real estate leasing, property management compliance, and federal space utilization strategies, making her a key leader in the federal real estate acquisition domain.