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	<title>Capitol CREAG, LLC&#187; Property Management Case Studies -</title>
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		<title>Federal Real Estate Procurement Services &#8211; Advanced Acquisition Program</title>
		<link>http://www.capitolcreag.com/federal-real-estate-procurement-services-advanced-acquisition-program/</link>
		<comments>http://www.capitolcreag.com/federal-real-estate-procurement-services-advanced-acquisition-program/#comments</comments>
		<pubDate>Tue, 10 Mar 2009 18:21:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Acquisition Support and Contract Closeout]]></category>
		<category><![CDATA[Brokerage/RE Procurement]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Portfolio and Asset Management]]></category>
		<category><![CDATA[Property Management]]></category>
		<category><![CDATA[Real Estate Consulting]]></category>

		<guid isPermaLink="false">http://www.capitolcreag.com/test/?p=151</guid>
		<description><![CDATA[The Capitol CREAG Team provided Program and Project Management oversight to the GSA National Capital Region (NCR) Northern Virginia Advanced Acquisition Program (AAP). The Advanced Acquisition Program was a pre-competed fast track Government lease procurement service that was used by the GSA NCR to facilitate lease acquisitions in place of the conventional lease procurement process.
By the end of our tenure, the Northern Virginia AAP was the preferred lease procurement process to complete new and expiring government leases in the NCR.]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-thumbnail wp-image-90" title="realestate" src="/wp-content/uploads/2009/02/realestate-150x150.png" alt="realestate" width="90" height="90" /><strong>Agency:</strong><br />
General Services Administration<br />
National Capital Region</p>
<p><strong>Capitol CREAG Services:</strong><br />
Strategic Housing Plans<br />
Space Programming coordination<br />
Market Survey<br />
Market Analysis<br />
Building Assessments<br />
Independent Government<br />
Estimates/Estimated Budgets<br />
Develop Solicitation for Offers<br />
Review and Evaluate Offers<br />
Negotiate Offers<br />
Request and receive Best and Final Offers<br />
Prepare Lease Documents and Obtain Signatures<br />
Post Award Services<br />
Coordinate Design Intent Drawings<br />
Lease File Close Out<br />
Adjustment for Vacant Space<br />
Vacant Space Verification<br />
Real Estate Tax Adjustments<br />
Operating Cost Escalations<br />
Succeeding Leases<br />
Lease Extensions<br />
Renegotiation of Existing Leases<br />
Reconfiguration or Realignment Advisory Services<br />
Lease Alterations<br />
Backfill of Vacant Space</p>
<p><strong>Project Challenge:</strong><br />
The Capitol CREAG Team provided Program and Project Management oversight to the GSA National Capital Region (NCR) Northern Virginia Advanced Acquisition Program (AAP). The Advanced Acquisition Program was a pre-competed fast track Government lease procurement service that was used by the GSA NCR to facilitate lease acquisitions in place of the conventional lease procurement process. (It is important to note that the GSA awarded Capitol CREAG four separate contracts under the GSA AAP.)</p>
<p>By the end of our tenure, the Northern Virginia AAP was the preferred lease procurement process to complete new and expiring government leases in the NCR. During the Capitol CREAG Team tenure, we encouraged the use of the program on prospectus level requirements and complex agency mission critical lease requirements through a collaborated marketing effort with the GSA. By the end of our campaign, the Northern Virginia Office AAP inventory had grown to approximately 40 million rentable square feet (RSF) and 250 buildings and completely re-competed on an annual basis. By creating a new procurement and inventory, holding pre-bid forums, negotiating leases and consistently updating the AAP Solicitation for Offeror, we were able to take a lessons learned approach to each successive inventory.</p>
<p>Though the contract period reflects a three year period, the founding partners of Capital CREAG had provided management oversight of the Northern Virginia program since 1995 as subcontractors under a GSA Prime contractor. The members of the Capitol CREAG Team collectively completed approximately 7 million rentable square feet of transactions or 190 lease transactions.</p>
<p>The conventional government lease procurement added significant time to the procurement process. The process required that the agency identify a space requirement, create a Program of Requirements, forward the requirement to the GSA real estate specialist, advertise for buildings, generate an SFO, evaluate and award a building and then build-out the space. The AAP process removes the pre-solicitation phase of the equation saving a minimum of several months in the space acquisition process.</p>
<p>The AAP program faced several significant issues when Capitol CREAG was initially assigned to the program. The large size and clarity of the solicitation was not well received by the market and the solicitation was underutilized by GSA tenant agencies and the real estate market.</p>
<p>The AAP solicitation without attachments was 70 pages long, non-lender friendly, and many of the provisions did not make sense to potential Offerors. The Capitol CREAG Team met with GSA Contracting Officers and the private sector real estate community to facilitate dialogue to reduce the paperwork and create a more acceptable document. Through many revisions of the SFO, the document was reduced from 70 to 40 pages. We were able to reduce the federal ADA and Unified Federal Accessibility Standards requirements section from 16 pages to one paragraph. We also added lifecycles to recurring costs that Lessors incurred over a lease term. Items such as carpet, repainting of common area and tenant space were assigned five-year lifecycles. The GSA Contracting Officers and regional counsel were willing to discuss default provisions in the General Clauses and Certs and Reps attachments of the SFO to address third party financing concerns. The importance of these forums was to assist the GSA to mitigate its risk and lower the possibility of a protest by creating forums for the private sector to voice concerns about the AAP lease procurement process prior to soliciting an AAP procurement.</p>
<p>Through collective efforts of the GSA Contracting Officers, the Program Manager and Project Managers, the AAP was recognized as the procurement of choice among NCR GSA and its client agencies. The three regional AAP programs were responsible for completing roughly 70% of the GSA National Capital Region lease acquisitions by 2001.</p>
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		<item>
		<title>Missile Defense Agency (MDA) Lease Requirement</title>
		<link>http://www.capitolcreag.com/missile-defense-agency-mda-lease-requirement/</link>
		<comments>http://www.capitolcreag.com/missile-defense-agency-mda-lease-requirement/#comments</comments>
		<pubDate>Tue, 10 Mar 2009 17:48:38 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Acquisition Support and Contract Closeout]]></category>
		<category><![CDATA[Design Coordination]]></category>
		<category><![CDATA[Design/Construction Management]]></category>
		<category><![CDATA[Portfolio and Asset Management]]></category>
		<category><![CDATA[Property Management]]></category>
		<category><![CDATA[Real Estate Consulting]]></category>
		<category><![CDATA[Building Assessments]]></category>
		<category><![CDATA[Coordinate Design Intent Drawings]]></category>
		<category><![CDATA[Develop Solicitation for Offers]]></category>
		<category><![CDATA[Estimates/Estimated Budgets]]></category>
		<category><![CDATA[Independent Government]]></category>
		<category><![CDATA[Lease File Close Out]]></category>
		<category><![CDATA[Market Analysis]]></category>
		<category><![CDATA[Market Survey]]></category>
		<category><![CDATA[MDA]]></category>
		<category><![CDATA[Missile Defense Agency]]></category>
		<category><![CDATA[Negotiate Offers]]></category>
		<category><![CDATA[Post Award Services]]></category>
		<category><![CDATA[Prepare Lease Documents and Obtain Signatures]]></category>
		<category><![CDATA[Request and receive Best and Final Offers]]></category>
		<category><![CDATA[Review and Evaluate Offers]]></category>
		<category><![CDATA[Space Programming Coordination]]></category>

		<guid isPermaLink="false">http://www.capitolcreag.com/test/?p=141</guid>
		<description><![CDATA[The MDA needed to relocate its 144,552 square foot headquarters from the Federal Office Building (FOB2) located at the Arlington Naval Annex in Arlington, Virginia to a building within the delineated area defined as the Leesburg Pike/Bailey Crossroads area of Falls Church, Virginia. MDA was required to be out of FOB2 by March, 2004 due to scheduled demolition of the building for construction of the new Air Force Memorial.

Though Capitol CREAG had been awarded the project in October, 2002, the project could not commence until Congress had approved the Prospectus in March, 2003. Prospectus is required for all federal leases exceeding the Prospectus threshold for the year in which the lease commences (the threshold for fiscal year 2003 was $2.3 million). Capitol CREAG had 183 work days to complete the project from Prospectus Approval (April 9, 2003) to Substantial Completion of the space build-out.]]></description>
			<content:encoded><![CDATA[<p><strong>Agency:</strong><br />
General Services Administration</p>
<p><strong>Capitol CREAG Services:</strong><br />
Space Programming Coordination</p>
<p><strong>Project Challenge:</strong><br />
The MDA needed to relocate its 144,552 square foot headquarters from the Federal Office Building (FOB2) located at the Arlington Naval Annex in Arlington, Virginia to a building within the delineated area defined as the Leesburg Pike/Bailey Crossroads area of Falls Church, Virginia. MDA was required to be out of FOB2 by March, 2004 due to scheduled demolition of the building for construction of the new Air Force Memorial.<br />
Though Capitol CREAG had been awarded the project in October, 2002, the project could not commence until Congress had approved the Prospectus in March, 2003. Prospectus is required for all federal leases exceeding the Prospectus threshold for the year in which the lease commences (the threshold for fiscal year 2003 was $2.3 million). Capitol CREAG had 183 work days to complete the project from Prospectus Approval (April 9, 2003) to Substantial Completion of the space build-out.</p>
<p><strong>Project Scope:</strong><br />
Capitol CREAG commenced the market survey on April 9, 2003, and had to complete the lease and ensure that MDA would completely occupy the space by November 30, 2003.</p>
<p>This requirement was one of the first to be subject to the new Department of Defense Unified Facilities Criteria/DOD Minimum Antiterrorism Standards for Buildings as well as U.S. Department of Justice Federal Protective Service/Homeland Security Department requirements for a Level 4 secured facility. These security requirements include full control access to the building and parking areas at all times, the right and ability to immediately lock down the facilities in emergency situations, as well as provide significant set-back requirements. This requirement also had substantial SCIF requirements.<br />
Capitol CREAG was able to negotiate an aggressive below market rental rate. This rental rate included cancellation rights after 7 years, a $15 TI above GSA aggressive Warm Lit Shell requirements, exclusive roof top rights, secure Level 4 facility, 2 reserved parking spaces, extended base operating schedule with aggressive overtime rate, three months free rent and daytime cleaning.</p>
<p>To do this, Capitol CREAG developed a customized Solicitation For Offers (SFO) to incorporate the agency’s unique requirements; submitted advertisement to the Washington Post Business Section; provided Project Management for procurement services; negotiated with commercial real estate building owners; developed NPV Financial Analysis Model to determine Successful Offeror(s); evaluated Best and Final Offers (BAFO); provided completed Lease to the Contracting Officer; facilitated tenant improvement meetings with the agency and successful Lessor to develop scope of work; provided lease interpretation and monitored Lessor’s compliance with lease terms; assembled Lease File and provided Lease Close Out.</p>
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