Description
Title: Authorize negotiation and execution of an amendment to the lease agreement with WSP USA, Inc. for 13,795 square feet of office space in the City’s Two Barton Skyway Building located at 1601 South MoPac Expressway, Suites 300D and 325D, Austin, Texas 78746, to extend the term of the lease for an additional three months, from May 1, 2026, through July 31, 2026. Funding: This item is projected to result in additional revenue of $158,538 in the Fiscal Year 2025-2026 Operating Budget of Austin Facilities Management.
Summary
The proposed lease amendment at 1601 S. Mopac Expy. involves extending the lease with WSP USA, Inc. for 13,795 square feet of office space in the City’s Two Barton Skyway Building. The extension will last three months, from May 1, 2026, to July 31, 2026, generating an anticipated additional revenue of $158,538 for the City's Fiscal Year 2025-2026 Operating Budget. This amendment allows WSP to continue occupying the space while renovations for the future public safety headquarters proceed without delay. The base rent will remain at $33.93 per square foot, in line with market rates. This action is deemed beneficial as it secures revenue prior to tenant