Redacted 3NJ0284_Justification_for_Other_Than_Full_and_Open_Competition_(JOFOC)_or_SLAT-level_Memo_to_File_and_Supporting_Documentation__12_12_2023 (1).docx
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- Solicitation number
- 3NJ0284
About this file
This document is a Justification for Other Than Full and Open Competition (JOFOC) or Simplified Lease Acquisition Threshold (SLAT) Memo to File and Supporting Documentation for a lease extension for the Drug Enforcement Administration (DEA) in Newark, NJ.
The DEA currently occupies approximately 4,054 rentable square feet of office space and 15 parking spaces at 614 Frelinghuysen Avenue, Newark, NJ under Lease No. LNJ23074, which expires on 11/30/2025. The General Services Administration (GSA) is requesting authority to negotiate a 42-month extension at an anticipated rent rate of $32.64 per rentable square foot or $132,336.39 annual rent, fully serviced. This extension is necessary to allow enough time for GSA to work with the DEA to obtain their long-term requirements and to conduct a competitive procurement for the DEA's new long-term lease. The anticipated extension rent is considered fair and reasonable by the Leasing Contracting Officer due to the mission-critical need to secure government occupancy while GSA coordinates DEA's long-term requirements.
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Text version
MEMORANDUM TO THE FILE
| TO: | THE FILE |
| FROM: | ALEXANDER LITVAK, GARRICK NARANJO |
| SUBJECT: | LNJ23074, 3NJ0284 |
| DATE: | 12/12/2023 |
Agency: Drug Enforcement Administration (DEA)
Lease Location: 614 Frelinghuysen Avenue, Newark, NJ 07114
Proposed Term: Request authority to negotiate a 42 month extension term at the anticipated rent rate of $32.64/RSF or $132,336.39 annual rent, fully serviced.
Justification Plan: The lease extension for DEA falls below the $250,000 net annual Simplified lease Acquisition Threshold (SLAT). As a result a Justification for Other than Full and Open Competition is not required. The LCO has determined the lease extension is necessary to protect the Government’s occupancy while GSA finalizes the new, long term DEA buildout and move to federal space.
Lease Summary: The DEA currently occupies approximately 4,054 Rentable Square Feet (RSF) yielding 3,525 ANSI BOMA Office Area square feet (ABOA) of office space and 15 reserved surface-level parking spaces at 614 Frelinghuysen Avenue, Newark NJ under Lease No. LNJ23074, which expires on 11/30/2025. This extension is necessary to allow enough time for GSA to work with the DEA to obtain their long-term requirements and to conduct a competitive procurement. GSA anticipates negotiating a 42 month, 24 month firm term extension to ensure the Government has flexible time and termination rights before their move to federal space.
Determination That Anticipated Costs Will Be Fair And Reasonable: On 11/6/2023, the Leasing Specialist reviewed a market report for the delineated area in Newark, NJ through Bullseye and CoStar reports. The Bullseye report revealed a target rate of $29.55 per RSF, and 4 properties in the CoStar report had rental rates of $28.49 to $42.49, fully-serviced. The adjusted market rate to reflect a standard fully serviced Government lease is $35.55 per RSF. The anticipated extension rent of $32.64 per RSF, fully serviced, not to exceed $35.55 per RSF for Newark is above the fully serviced CoStar market rate but is considered fair and reasonable by the Lease Contracting Officer due to the mission-critical need to secure Government occupancy while GSA coordinates DEA’s long term requirements for competitive procurement. GSA will not award an extension above the anticipated rental range._____________________
| Prepared by: |
| 12/12/2023 |
Alexander Litvak Leasing Specialist
| Approved by: |
| 12/12/2023 |
Garrick Naranjo Leasing Contracting Officer image1.png image2.png image3.png image4.png
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