Synopsis 3.12.2026_Redacted.pdf

This is a Simplified Lease Acquisition Threshold - Absence of Competition Memo documenting a federal real estate lease renewal decision.

The memo concerns Project Number 2LA0285, located in Vidalia, Louisiana. Lease number LLA17495, currently occupied by a federal agency, will expire on June 14, 2026. The government determined that the current space represents the most advantageous location to meet the tenant agency's continuing needs. Market research was conducted using CoStar and SAM.gov Contract Opportunities posting (required for contracts exceeding $25,000 total value). Responses were received from multiple respondents, though specific respondent details are redacted in the document. The decision to pursue a succeeding lease action is supported by GSAM 570.402-1(a) and 570.203-2 under a cost-based rationale. The Succeeding Lease Analysis Tool was used to evaluate expected costs of remaining in place versus relocating to a new location, demonstrating that the government could not recover relocation and duplication costs through full and open competition. Expected cost savings from this action are referenced but redacted in the document, representing savings per available building square footage (ABOA SF). The memo was prepared by a Leasing Specialist on April 23, 2025, and approved by the Lease Contracting Officer on April 24, 2025.