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U.S. General Services Administration·Illinois

US Government seeks 1,527 - 1,607 ABOA SF of office and related space in Joliet, IL.

Closes in 4 days$300k – $500kRequest for Expression of Interest
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Description

The General Services Administration (GSA) Public Buildings Service is seeking a single, contiguous office space of approximately 1,527‑1,607 ABOA square feet in Joliet, Illinois, to be delivered under a fully‑serviced lease for a ten‑year term (five‑year firm term with up to five one‑year options). The space must meet federal standards for fire safety, accessibility, seismic resilience, and sustainability, and cannot be located in the 0.2 % annual‑chance floodplain. Offerors must provide a full‑service rental rate that includes a $65.44/ABOA sf tenant‑improvement allowance and a $12.00/ABOA sf basic services and administrative cost (BSAC) allowance, along with operating‑cost details. No parking is required. Expressions of interest are due by early November 2026, with a market survey slated for December 2026 and anticipated occupancy on September 1 2027. • Required space: 1,527‑1,607 ABOA sf of contiguous office space in the defined parcel bounded by Ruby St (N), Marion St (S), Collins St (E), and Des Plaines River (W). • Lease terms: 10‑year fully‑serviced lease (5‑year firm term, up to five 1‑year options), TI allowance $65.44/ABOA sf, BSAC $12.00/ABOA sf, no parking, compliance with fire, accessibility, seismic, sustainability, and Section 889 telecom restrictions. • Submission: Provide building name, address, contact details, ABOA and rentable square‑footage breakdown, full‑service rental rate, and operating‑cost data; include owner consent if submitter is not the owner.

Attached files

Contact

Robert E. Jones Jr.(Lease Contracting Officer)

[email protected]

(312) 758-6897

Key dates

Opened
10/5/2026
Closes
11/5/2026
Duration
10 years

Last updated

Details

Type
Request for Expression of Interest
Industry
Real Estate
NAICS
531120
Solicitation №
6IL0488

Budget estimate

$300,000 – $500,000

No explicit contract value is disclosed, but using typical Joliet office market rates (≈ $25‑$35 per rentable square foot per month) for 1,600 sf yields an annual rent of $480‑$672 k. Over the 10‑year term, total lease payments range roughly $4.8‑$6.7 million. After accounting for the tenant‑improvement and BSAC allowances (which are paid to the landlord), the net revenue to the property owner is estimated between $300,000 and $500,000 over the contract life, assuming modest operating‑cost pass‑throughs. Factors influencing the range include exact rentable square footage, negotiated rent rate, and any additional operating‑cost adjustments.

AI estimate from the solicitation

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