7 Year Lease

The California Business and Consumer Services Agency awarded a real property leases contract to 500 Capitol Mall Tower LLC on August 19, 2026. The contract, valued at approximately $2.58 million, covers a seven-year lease arrangement with a completion date of November 30, 2029. The contract type is classified as Non-Information Technology Services for real property leases, indicating the procurement involves commercial real estate space rather than technology infrastructure or services.

The performance period extends through November 2029, with the single line item representing a comprehensive lease agreement priced at $2,580,148.80. While the specific location of the leased property is not explicitly detailed in the contract documentation, the awardee's name suggests the property may be located at or near the Capitol Mall Tower building. The contract represents a significant real estate commitment by the State of California to secure office or operational space through this three-year lease term.