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The leased space was acquired through a ten-year lease managed by the General Services Administration (GSA) which expires October 1, 2010. [ 12 ] The commercial facility is shared with two other major tenants: Holy Cross Hospital , [ 13 ] and Comcast , [ 11 ] whose continued occupancy precludes contiguous expansion of the DoDSR inventory.
As the New England Regional Administrator, Stepanek oversaw all of GSA's operations in New Hampshire, Connecticut, Maine, Massachusetts, Rhode Island and Vermont, including management of federal real estate and information technology. In this role, he was responsible for an inventory of 419 government-owned or leased buildings and 288 employees ...
It has an annual operating budget of roughly $33 billion and oversees $66 billion of procurement annually. It contributes to the management of about $500 billion in U.S. federal property, divided chiefly among 8,397 owned and leased buildings (with a total of 363 million square feet of space) [6] as well as a 215,000 vehicle motor pool.
This summary is based largely on the summary provided by the Congressional Research Service, a public domain source. [3]The Better Buildings Act of 2013 would require the Administrator of General Services (GSA) to develop and publish model leasing provisions for use in leasing documents that designate a federal agency as a landlord or tenant to encourage building owners and tenants to invest ...
GSA and the bidding team reached an agreement for a 55-year lease. GSA collected $166,000 a year in rent, which increased just 5 percent during the life of the lease. GSA also received a percentage of all profits from the enterprise. [68] The $29 million renovation was completed in 1983.
The Green – Wyatt building was constructed in the 1970s by Hoffman Construction Company under a $20 million contract. [1] The new building opened in 1975. [2] On June 21, 1989, an arson fire in the lobby caused $300,000 in damages, mostly from the sprinkler system that kept the night-time fire contained to the lobby area. [3]
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