X1DB--Tri-Cities Lease

Description

Notice of Award Project: Department of Veterans Affairs PACT Act Lease in Tri-Cities, WA Classification Code: X NAICS Code: 531120 Set Aside: N/A Lease Award Date: February 13, 2026 This serves as notice that the Department of Veterans Affairs (VA) has accepted an offer, pursuant to RLP No. 36C10F23R0036, to lease 115,265 ANSI/BOMA square feet (equal to 120,668 rentable square feet) of medical space and 700 parking spaces for a 20-year firm term at, 3811 Plaza Way, Kennewick, WA 99338-1865 for the Tri-Cities, WA Outpatient Clinic (OPC). The Lease has been awarded to the following Lessor: JTW DEVELOPMENT LLC 694 GRANDVIEW LN LAKE FOREST, IL 60045 The commencement date of this Lease, along with any applicable termination and renewal rights, shall be more specifically set forth in a Lease Amendment upon substantial completion and acceptance of the Space by the Government. Total Lease Contract Value (TLCV)*: $209,732,744.50 (Including TI Lump Sum Estimate) Note: The Total Lease Contract Value (TLCV) recited herein is the entire lease award amount at initial award, including the dollar value of option periods, if applicable, plus any lump-sum and/or amortized tenant improvement costs reflected in the rent schedule. Lump-sum tenant improvement costs based on allowances and definitized post-award/post-design are computed based on the lease ABOA SF and allowance value.