2CA1542 - Justification for Other Than Full and Open Competition_Redacted.pdf

This document is a Justification for Other Than Full and Open Competition for a lease agreement by the U.S. General Services Administration (GSA) in Region 9. The GSA seeks to negotiate a succeeding lease for 5,044 ABOA/5,301 rentable square feet of space located at 651 World Way South, Trailer #5, Los Angeles, CA 90045 at the Los Angeles International Airport. The current lease expires on February 28, 2025, and has a rate of $59.75/RSF. The lease will have an initial term with two 5-year renewal options, with the first 5-year term being the maximum initial term that can be approved. The total contract value for the initial term and two renewal option periods is estimated to be significant, though the exact amount is redacted. The justification cites the unique requirement for the space to be onsite at LAX Airport to perform mission-critical functions, and notes that the rental rates are set by the LAWA Oversight and Operations department of the City of Los Angeles.