Richard T. Downey

Richard Downey serves as a key procurement professional within the Public Buildings Service’s PBS R00 Center for Broker Services, where he manages the acquisition and leasing of commercial real estate to support federal agency workspace requirements across the United States. His role centers on executing long-term lease agreements for nonresidential properties, ensuring federal agencies receive secure, efficient, and cost-effective facilities aligned with GSA’s strategic footprint optimization goals. He routinely handles complex real estate transactions under the authority of the Federal Property and Administrative Services Act, coordinating with property owners, brokers, and legal counsel to secure optimal lease terms while maintaining compliance with federal acquisition regulations. Downey maintains consistent contracting relationships with a select group of institutional real estate entities, 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 property owners and real estate investment vehicles with large-scale commercial portfolios, particularly those holding Class A office assets in high-demand federal corridors. His procurement approach emphasizes stability, long-term tenancy, and portfolio-scale leasing, indicating a strategic reliance on repeat vendors with proven track records in federal real estate delivery. Downey’s contracting activity shows no use of socioeconomic set-asides, with 100% of awards issued under full and open competition. This pattern underscores a mission-driven focus on securing the most viable properties regardless of vendor size or certification, prioritizing location, building quality, and lease economics over socioeconomic preferences. His approach aligns with GSA’s broader real estate strategy, which often requires large, contiguous spaces not typically available through small business channels. His primary procurement focus lies in NAICS 531120 (Lessors of Nonresidential Buildings) and 531190 (Lessors of Other Real Estate Property), reflecting deep expertise in commercial office leasing, build-to-suit arrangements, and adaptive reuse of existing structures. He specializes in negotiating triple-net leases, tenant improvement allowances, and renewal options, demonstrating technical proficiency in real estate finance, space planning, and federal facility standards.