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  4. ›GSA seeking 89,595 - 92,310 ABOA in Chicago, IL - Leasing…

U.S. General Services Administration·District of Columbia

GSA seeking 89,595 - 92,310 ABOA in Chicago, IL - Leasing Portal (RLP 25REG05)

Closes 12/8/2025$26.9M – $40.2MRequest for Proposal
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Description

The General Services Administration (GSA) is seeking competitive lease proposals for new and/or continuing leasing opportunities in Chicago, IL. The required space is approximately 89,595 - 92,310 ABOA, and must be located within a specific delineated area in Chicago. The space must be office space, with a lease term of 15 years, 13 years firm. The offeror must provide a loading dock, freight elevator, and meet other specific requirements. • Minimum ABOA Square Feet: 89,595 • Maximum ABOA Square Feet: 92,310 • Space Type: Office Space • Lease Term: 15 years, 13 years firm • Amortization Term: 8 years for both Tenant Improvements and Building Specific Amortized Capital • Agency Tenant Improvement Allowance: $71.93 per ABOA SF • Building Specific Amortized Capital (BSAC): $12.00 per ABOA SF

Attached files

Contact

Colleen McGuigan

[email protected]

(773) 707-3182

Key dates

Opened
9/15/2025
Closes
12/8/2025
Duration
15 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
5IL0414

Budget estimate

$26,900,000 – $40,200,000

The budget for this opportunity can be estimated based on the required ABOA square feet and the lease term. Assuming an average annual rent of $20-30 per square foot, the total annual rent for the required space would be approximately $1.79-2.68 million. With a lease term of 15 years, the total budget would be approximately $26.9-40.2 million. However, this is a rough estimate and the actual budget may vary depending on various factors, including the actual rent, operating expenses, and other costs.

AI estimate from the solicitation

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