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COMMERCE BUSINESS DAILY ISSUE OF SEPTEMBER 7,1999 PSA#2426

Department of Veterans Affairs Central Office, Office of Facilities Management, (182C), 810 Vermont Avenue, N.W., Washington, D.C. 20420

X -- ENHANCED-USE LEASE PUBLIC/PRIVATE VENTURE DEVELOPMENT, SOMERVILLE ASSET MANAGEMENT SERVICE FACILITY, SOMERVILLE, NEW JERSEY SOL 794-181B-07-9 DUE 102899 POC Edward L. Bradley, III (Portfolio Manager/ E-U Leasing Officer), 202-565-4307; fax 202-565-5115 The Department of Veterans Affairs (VA) through a Request for Qualifications Proposals (RFQ), is soliciting offers to obtain comprehensive asset management and Enhanced-Use development for VA-owned property at the Department of Veterans Affairs, Somerville Asset Management Service (SAMS) facility, Somerville, New Jersey, located in Hillsborough Township in Somerset County in Central New Jersey. -- Using Enhanced-Use, VA's creative real estate asset management program, the Department is seeking development entities with the qualifications and experience necessary to assist VA in its on-going efforts to improve veteran services, reduce costs, and generate new sources of revenues. The selected asset manager must possess the qualities needed to provide VA with a long-term Enhanced-Use development perspective; meaningful transaction experience, strong knowledge of local market conditions; and a clear understanding of VA business and financial objectives. -- The asset manager, in cooperation with VA,will be responsible for assembling all the componets needed to plan, develop, and manage a successful public/private partnership and Enhanced-Use project at SAMS. The asset manager will play a key roll in supporting VA's efforts to structure a development program that insures that reuse of VA land is in the best interests of the Department and the community, and meets the requirements of VA's Enhanced-Use leasing authority (38 U.S.C. Sec. 8161 et seq.). -- The purpose of this request is to inform the development community of: 1) VA's intent to expeditiously redevelop underused portions of SAMS facility through a public/private venture; 2) VA's intent to use its Enhanced-Use authority to create a relationship with an asset manager that will be one of mutual cooperation and benefit -- a relationship sometimes now commonly refered to as a "public/private partnership"; 3) VA's desire to solicit interest in, and guidance about the types and characteristics of feasible development; and 4) VA's commitment to use a high-level VA management team to move quickly with Enhanced-Use development of VA property in Somerville. -- The project envisions the public/private development of VA land and facilities to provide space or services needed to improve VA activities and Enhance VA's mission as well as other compatible non-VA uses. -- If your organization is interested in this public/private development opportunity, please furnish a letter requesting that your firm be included on the mailing list by COB September 21, 1999. This letter should contain your company name, company address, point-of-contact, phone number, facsimile number, and e-mail address. The letter can be mailed to the address shown above marked attention Ed Bradley, (181B) or sent by facsimile to 202-565-5115. The RFQ is expected to be available for distribution no later than, September 22, 1999. Your response to the RFQ will be due by October 28,1999, at 4:00 P.M. (EST). Posted 09/02/99 (W-SN375998). (0245)

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