1IL2324 JOTFOC Urbana IL (1)6-18-24_Redacted.pdf

This is a Justification for Other Than Full and Open Competition (JOTFOC) document from GSA Region 5 for a succeeding lease of 3,392 ABOA/RSF of office space at the New Gazette Building in Urbana, IL. The current lease (LIL17451) expires on 10/31/2024, and GSA is seeking to negotiate a 15-year succeeding lease with the incumbent lessor to commence on 11/1/2024.

The space must be within walking distance of the U.S. Courthouse at 201 S. Vine St. in Urbana. Market research conducted on 5/31/24 identified only two potentially acceptable alternative locations, but neither submitted interest. The incumbent lessor provided the lowest cost quote through their expression of interest. A cost-benefit analysis determined that relocating would incur move and replication costs that would not be recovered through competition. The space was inspected on 1/25/24 and found to be well-maintained with no deficiencies. The GSA Lease Contracting Officer determined the proposed rental rate is fair and reasonable based on market surveys showing comparable rates in the delineated area.