Succeeding Lease in Laredo, Texas - Redacted Justification

Summary (Newest Update)

Background The General Services Administration (GSA) is seeking to negotiate a succeeding lease for office space in Laredo, Texas. The agency currently occupies 18,458 ABOA/21,226 rentable square feet (RSF) at Shiloh Plaza, 109 Shiloh Dr., Laredo, TX 78045 under lease number GS-07P-LTX00165, which is set to expire on February 7, 2025. The goal of this contract is to ensure continued occupancy at the current location without full and open competition due to the lack of available federal space. Work Details The requirement is for a total of 21,226 RSF of office and related space for a term of 10 years with a 5-year firm term commencing on February 8, 2025. The estimated cost of the lease is based on the rental rate per RSF per year. The delineated area for this lease includes specific geographic boundaries: - North: -69W - East: McPherson Rd. - South: Del Mar Blvd. - West: Monarch Hwy 83/I-35. Market research conducted by PBS indicated no vacant federal space available and identified only one acceptable location (the incumbent) that meets the agency's needs. Period of Performance The lease will commence on February 8, 2025, and will have a duration of 10 years with a firm term of 5 years. Place of Performance Shiloh Plaza, 109 Shiloh Dr., Laredo, TX 78045.