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U.S. General Services Administration·North Carolina

U.S. Government Seeks to Lease Office and Related Space in Wilmington, NC

Closes 10/27/2026$30M – $50MRequest for Expression of Interest
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Description

The General Services Administration (GSA) is seeking lease proposals for a 20‑year office and related space lease in Wilmington, North Carolina. The required space totals between 36,284 and 39,912 ABOA square feet, must be delivered in three contiguous blocks (21,838 ABOA SF, 8,867 ABOA SF, 5,579 ABOA SF) on the same or adjacent floors, and include 52 reserved surface parking spaces, an enclosed sally‑port, a dedicated elevator, and the ability to provide secure fencing. The lease is fully‑serviced with a rent cap of $44.84 per RSF, a tenant‑improvement allowance of $55.56 per ABOA SF, and a security‑specific amortized capital rate of $25 per ABOA SF. Offerors must submit expressions of interest by October 27 2026 and meet extensive fire‑safety, accessibility, seismic (moderate‑seismicity), environmental, and energy‑efficiency (ENERGY STAR) requirements. • Minimum 36,284 ABOA sf, maximum 39,912 ABOA sf, split into three specified blocks. • 20‑year lease (15‑year firm term) with no renewal option; 52 surface parking spaces reserved exclusively for the Government. • Mandatory security features: enclosed sally‑port, reserved elevator, fencing, and compliance with Facility Security Level III. • Comprehensive technical compliance: fire safety, ADA accessibility, moderate‑seismic design, floodplain avoidance, ENERGY STAR labeling, asbestos management, and NEPA/ESA reviews.

Attached files

Contact

Tim Mazzucca(Contract Broker)

[email protected]

(202) 652-4199

Key dates

Opened
10/13/2026
Closes
10/27/2026
Duration
20 years

Last updated

Details

Type
Request for Expression of Interest
Industry
Real Estate
NAICS
531120
Solicitation №
0NC2145-1

Budget estimate

$30,000,000 – $50,000,000

Based on the rent cap of $44.84 per rentable square foot and an estimated building size of roughly 41,000 RSF (corresponding to the ABOA range), annual rent would be around $1.8 million. Over the 20‑year lease term, total rent revenue approaches $36 million, plus additional income from tenant‑improvement and security‑specific amortized capital allowances. Considering potential escalations, contingency allowances, and possible market‑rate adjustments, a reasonable contract‑value range is $30 million to $50 million.

AI estimate from the solicitation

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