X1AA--Pointe Centre Superseding Lease 1208 Pointe Centre Suite 100
Description
Per GSAR 570.203-2(b) and 570.402-1(a), sole-source actions at or below the SLAT do not require a formal Justification for Other Than Full and Open Competition (JOTFOC). On behalf of the Tennessee Valley Healthcare System (TVHS), I am pleased to confirm execution of a fully signed lease awarded in response to VA Request for Lease Proposals (RLP) 36C24926R0004. This lease provides 10,137 ABOA / 11,047 RSF of office and clinical space located in Chattanooga, TN, designated as the Chattanooga Pointe Centre Superseding Lease. The leased premises will be occupied by the Department of Veterans Affairs to provide services to our Veteran beneficiaries. Lease Term: 10 Years (5 Years Firm; 5 Years Non-Firm) Lease Number: 36C24926L0005 Period of Performance: Beginning on or about December 1, 2025 Annual Rental Consideration Year Shell Rent Operating Expense Total Annual Rent 1 $263,764.74 $132,997.44 $396,762.00 2 $263,764.74 $132,997.44 $396,762.00 3 $263,764.74 $132,997.44 $396,762.00 4 $263,764.74 $132,997.44 $396,762.00 5 $263,764.74 $132,997.44 $396,762.00 6 $263,764.74 $132,997.44 $396,762.00 7 $263,764.74 $132,997.44 $396,762.00 8 $263,764.74 $132,997.44 $396,762.00 9 $263,764.74 $132,997.44 $396,762.00 10 $263,764.74 $132,997.44 $396,762.00 Total consideration for the full 10-year term is $3,967,620.00. Tenant Improvement is required in the amount of $547,092.39. The total cost of the lease is $4,514,714.19
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