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Department of General Services·Virginia

Real Estate Lease - Colonial Heights/Hopewell/Petersburg/Prince George

Closes 8/14/2026$1.1M – $2MRequest for Proposal
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Description

The Department of General Services is seeking proposals for a lease of approximately 11,100 square feet of retail space covering the Tri‑cities area of Colonial Heights, Hopewell, Petersburg and Prince George, VA. This opportunity is a standard commercial real‑estate lease where the contractor will assume responsibility for occupying, managing, and potentially outfitting the space according to the agency’s requirements.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

John Simmons

[email protected]

(804) 396-0642

Key dates

Opened
7/6/2026
Closes
8/14/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531130
Solicitation №
RFP-123748

Budget estimate

$1,100,000 – $2,000,000

Based on typical market rates for retail space in Virginia (approximately $20‑$30 per square foot per year), an 11,100 SF lease could generate roughly $222,000‑$333,000 in annual rent. Assuming a common lease term of 5 years, total contract revenue would fall between $1.1 million and $1.7 million. Adjustments for tenant improvements, operating expenses, or longer lease terms could push the upper bound toward $2 million.

AI estimate from the solicitation

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