X1Db--San Diego Research And Development Lease

award notice

Closed

Notice of Award Project: Department of Veterans Affairs FY23 Mid-Level Lease in San Diego, CA Classification Code: X NAICS Code: 531120 Set Aside: Unrestricted Lease Award Date: September 17, 2026 This services as notice that the Department of Veterans Affairs (VA) has accepted an offer, pursuant to RLP No. 36C10F24R0063 to lease 45,163 ANSI/BOMA square feet (or 52,800 rentable square feet) of medical space and 100 parking spaces for a 20-year firm term at 4939 Directors Place, San Diego CA for the San Diego R&D Facility. The Lease has been awarded to the following Lessor: HCP LIFE SCIENCE REIT, INC. 4600 S Syracuse St, Ste 500 Denver, Colorado 80237-2722 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)*: $125,139,525.27 *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.

Real Estate and Rental and Leasing

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