Document_260331_090622.pdf

This is a Documentation to Explain the Absence of Competition for a federal lease acquisition (Project Number 3TX1182). The document justifies a sole source lease award for lease number LTX16474, which will expire on 10/31/24. The government determined that the current space represents the most advantageous location to meet the continuing needs of the tenant agency based on a Succeeding Lease Analysis Tool evaluation.

Market research was conducted through COSTAR/Loopnet and a SAM Advertisement, which yielded one response from GKW Properties, LTD (the incumbent lessor) at a full service rate per rentable square foot. The decision to pursue sole source acquisition is supported by cost-based rationale, as the Succeeding Lease Analysis Tool demonstrated that the government could not recover relocation and duplication costs through full and open competition. The expected cost savings from this action are documented in the analysis. The document was prepared by Aaron LaBoon, Project Manager, and approved by Michael Slanan, Lease Contracting Officer, both dated 2/13/2024.