The bill establishes a lease agreement between the District of Columbia and DC Strategic Value Property Investor I LLC for 38,677 square feet of office space at 1325 G Street, NW, designated for the Public Service Commission (PSC). The lease will commence on December 22, 2025, and will last for a primary term of 12 years and 8 months, with an option for a 5-year extension. The initial annual rent is set at $1,929,208.76, which includes net rental, operating costs, and real estate taxes. The bill also outlines the responsibilities of both parties regarding maintenance, alterations, and compliance with laws, while providing for parking spaces and additional rent obligations.

The legislation includes various provisions, such as the termination of the previous lease, the District's exclusive rights to the premises, and the landlord's obligations regarding environmental compliance and maintenance. It specifies the permitted use of the premises, excluding certain clinical and laboratory activities, while allowing PSC hearings to continue. The bill also addresses defaults, insurance requirements, and nondiscrimination provisions, ensuring fair treatment in employment and access to facilities. Notably, the bill deletes Exhibit D from the documentation and emphasizes the importance of timely communication between the landlord and the District regarding financial obligations and operational responsibilities.