RFP to Lease 15 State Street at BOST
Agency:U.S. Department Of The Interior
State:Pennsylvania
NAICS Code:53
Industry:Real Estate
Solicitation Type:Request for Proposal
Solicitation ID:BOST_15-State-Street_RFP
5/27/2025
Pre-Bid Meeting Date:7/24/2025
Questions Due Date:8/20/2025
Close Date:9/12/2025
Last Updated:9/2/2025
Please visit the bid source via the “Link to Bid Source” button below for documentation.
David Santucci
bost_permits@nps.gov
$500,000 – $100,000,000
The budget for this opportunity is likely to be significant, given the long lease term and the requirement for the lessee to make significant repairs and improvements to the property. The NPS is required to receive Fair Market Value Rent, which will be determined after selection of the best proposal. The rent will be negotiated with the selected offeror, but it is anticipated to be substantial, given the property's location and historic significance. A rough estimate for the annual rent could be in the range of $500,000 to $2 million, depending on the proposed use and the lessee's financial capabilities. The total budget over the lease term could be in the range of $5 million to $100 million, depending on the length of the lease and the lessee's performance.
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