5A. Posting of Redacted JOTFOC_Redacted.pdf

This is a Justification for Other Than Full and Open Competition document for a lease extension submitted by the USDA Region 3 Regional Office.

The agency seeks approval to extend its current office lease at 333 Broadway Boulevard SE, Albuquerque, NM 87102 (Lease No. 127EAB99L1601) for 60 months commencing January 1, 2027, without conducting full and open competition. The current lease expires December 31, 2026, and encompasses 94,783 rentable square feet. The estimated extension cost is $23.88 per rentable square foot annually, totaling $2,263,418.04 per year and $11,317,090.20 for the full 60-month extension period. Market research conducted on February 6, 2025, using CoStar and Loopnet data confirmed the rental rate range for the Albuquerque market is $14.00 to $35.00 per square foot, validating the proposed rate as fair and reasonable.

The justification cites 41 U.S.C. 3304(a)(1) and GSAR 570.405 as statutory authority for sole source acquisition. The selected rationale is that the agency has encountered delays in planning relocation to federally controlled space due to documented organizational, financial, or other uncertainties. The document notes that remaining at the current location under the extension avoids a holdover situation and allows continued operations without disruption. No sources expressed written interest in the acquisition. The Lease Contracting Officer certified the action on February 6, 2025, with concurrence from the Acting Branch Chief on March 24, 2025. Senior Procurement Executive approval is required and must include signatures from the Regional Contracting Director, Regional Counsel, and Head of Contracting Activity.