JOTFOC Memo Redacted
Updated
A PDF document (329 KB) attached to Posting of Justification of Other Than Full and Open Competition, from the Public Buildings Service.
File name: 6PR0176 - JOTFOC Memo Redacted.pdf
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MEMORANDUM TO THE FILE
LEASE NO. LPR19226
TO:
THE FILE
FROM:
BRYAN CUCINOTTA
SUBJECT:
6PR0176
DATE:
9/17/2026
CC:
THOMAS LANDRON MORALES
Agency:
Lease Location:
REXCO Industrial Park Building
State Road 165, Street 1 REXCO Industrial Park
Guaynabo, PR 00968
Proposed Term:
This Justification is being enacted to
negotiate a forty-eight (48) month full, twenty-four (24) month firm lease extension with the current Lessor.
Justification Plan: The lease extension for
falls below the
$350,000 net annual Simplified Lease Acquisition Threshold (SLAT). As a result, a Justification for Other Than Full and Open Competition is not required. A SLAT is considered a
noncompetitive contract and the LCO has determined the lease extension is necessary to
The proposal offered by the current Lessor for the lease extension is comparable to the market rent rates.
Lease Summary:
currently occupies approximately 4,048
rentable square feet (RSF) yielding 3,520 ANSI BOMA Office Area square feet (ABOA s.f.) of office space at REXCO Industrial Park Building, State Road 165, Street 1 REXCO Industrial Park, Guaynabo, PR 00968 under Lease No. LPR19226, which expires on 11/14/2026. This lease extension is necessary to provide the agency sufficient time to finalize requirements for a new/replacing lease and give the Government time to plan, procure, design, and construct space for this follow-on leasing action.
Determination That Anticipated Costs Will Be Fair and
Reasonable:
In accordance with Federal Acquisition Regulation (FAR) 6.303-2(a)(7), the Contracting Officer determines by certifying this document that the anticipated cost to the Government of /RSF Shell Cost plus
/RSF Operating
Cost) for the entire requirement is fair and reasonable. Market research from CoStar and PropertyShark found three (3) potential locations with rental rates ranging from
to
. The average rental rate was
. The
proposed rental rate of
/RSF falls within the market range
and is therefore fair and reasonable.
Bryan Cucinotta, Leasing Specialist
Date
Thomas Landron Morales, Leasing Contracting Officer
Date
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