2AR0293 JOTFOC_Redacted.pdf

This document is a Justification for Other Than Full and Open Competition (JOTFOC) for a lease renewal by the U.S. General Services Administration (GSA) for the Social Security Administration (SSA). The document covers a 15,079 rentable square foot office space located at 6801 Dallas Street, Fort Smith, AR, with a 10-year/5-year firm term commencing on March 17, 2025. The current lease expires on March 16, 2025, and GSA is seeking to negotiate a succeeding lease with the incumbent lessor without full and open competition.

Market research conducted by GSA's broker, Public Properties LLC, identified rental rates ranging from $ per RSF, with the proposed rental rate for the succeeding lease deemed reasonable and within the current market range. The justification highlights that relocating would incur significant move and replication costs, and the current location is well-maintained. The document includes market research comparables, cost-benefit analysis, and goes through a multi-step review and approval process, with final approval by the Regional Commissioner on 7/29/2024. The total estimated cost of the lease is not fully disclosed, but the document emphasizes that staying at the current location is in the government's best interest.