X1DB--Tri-Cities Lease
Award Notice from VETERANS AFFAIRS, DEPARTMENT OF • VETERANS AFFAIRS, DEPARTMENT OF. Place of performance: {"streetAddress":"","streetAddress2":"","city":{"name":""},"state":{"name":""},"zip":"","country":{"name":""}}. Industry: NAICS 531120 • PSC X1DB.
Market snapshot
Awarded-market signal for NAICS 531120 (last 12 months), benchmarked to sector 53.
Related hubs & trends
Navigate the lattice: hubs for browsing, trends for pricing signals.
Point of Contact
Agency & Office
More in NAICS 531120
Description
Notice of Award Project: Department of Veterans Affairs PACT Act Lease in Tri-Cities, WA Classification Code: X NAICS Code: 531120 Set Aside: N/A Lease Award Date: February 13, 2026 This serves as notice that the Department of Veterans Affairs (VA) has accepted an offer, pursuant to RLP No. 36C10F23R0036, to lease 115,265 ANSI/BOMA square feet (equal to 120,668 rentable square feet) of medical space and 700 parking spaces for a 20-year firm term at, 3811 Plaza Way, Kennewick, WA 99338-1865 for the Tri-Cities, WA Outpatient Clinic (OPC). The Lease has been awarded to the following Lessor: JTW DEVELOPMENT LLC 694 GRANDVIEW LN LAKE FOREST, IL 60045 The commencement date of this Lease, along with any applicable termination and renewal rights, shall be more specifically set forth in a Lease Amendment upon substantial completion and acceptance of the Space by the Government. Total Lease Contract Value (TLCV)*: $209,732,744.50 (Including TI Lump Sum Estimate) Note: The Total Lease Contract Value (TLCV) recited herein is the entire lease award amount at initial award, including the dollar value of option periods, if applicable, plus any lump-sum and/or amortized tenant improvement costs reflected in the rent schedule. Lump-sum tenant improvement costs based on allowances and definitized post-award/post-design are computed based on the lease ABOA SF and allowance value.
Award Info
Files
Files size/type shown when available.
BidPulsar Analysis
A practical, capture-style breakdown of fit, requirements, risks, and next steps.
This is an Award Notice from the Department of Veterans Affairs (VA) for the Tri-Cities, WA Outpatient Clinic (OPC) PACT Act lease. VA accepted an offer under RLP No. 36C10F23R0036 to lease 115,265 ANSI/BOMA square feet (120,668 rentable SF) of medical space and 700 parking spaces at 3811 Plaza Way, Kennewick, WA 99338-1865. The lessor is JTW DEVELOPMENT LLC, and the lease is a 20-year firm term. The Total Lease Contract Value (TLCV) is $209,732,744.50, including a tenant improvement (TI) lump sum estimate, with commencement/termination/renewal details to be set in a future lease amendment upon substantial completion and government acceptance.
Secure and deliver a long-term (20-year firm) leased outpatient medical facility in Tri-Cities, WA, including specified medical space (115,265 ANSI/BOMA SF / 120,668 rentable SF) and 700 parking spaces, with tenant improvements completed and accepted to enable VA operation of the Tri-Cities Outpatient Clinic (OPC).
- Provide leased outpatient medical space totaling 115,265 ANSI/BOMA square feet (120,668 rentable square feet).
- Provide 700 parking spaces associated with the leased facility.
- Complete tenant improvements (TI) as reflected in the TLCV (includes TI lump sum estimate) and support substantial completion and Government acceptance.
- Execute a post-award Lease Amendment establishing the lease commencement date and any applicable termination and renewal rights after substantial completion/acceptance.
- Support VA occupancy and operations consistent with the Tri-Cities, WA OPC purpose (PACT Act lease).
- Not applicable for this notice (Award Notice). If pursuing related records: obtain and review the posted award attachment and SAM.gov award details for RLP No. 36C10F23R0036 context.
- If positioning for future VA leases: compile past performance for medical/clinic leasing and TI delivery, and evidence of capacity to provide required parking and long-term firm terms.
Source coverage notes
Some notices publish limited source detail. Confirm these points before final bid/no-bid decisions.
- No competitive solicitation/RLP document details included here (requirements, evaluation factors, or proposal instructions for RLP 36C10F23R0036).
- Lease commencement date and any termination/renewal rights are not stated (to be set in a future lease amendment).
- Period of performance start/end dates are not provided beyond “20-year firm term.”
- Place of performance field is blank (address appears in description only).
FAQ
How do I use the Market Snapshot?
It summarizes awarded-contract behavior for the opportunity’s NAICS and sector, including a recent pricing band (P10–P90), momentum, and composition. Use it as context, not a guarantee.
Is the data live?
The signal updates as new awarded notices enter the system. Always validate the official award and solicitation details on SAM.gov.
What do P10 and P90 mean?
P10 is the 10th percentile award size and P90 is the 90th percentile. Together they describe the typical spread of award values.