Newport News City Council Agenda 2026-06-09
Newport News Renews Fountain Plaza Two Lease with CCOP LLC
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Description
The Newport News City Council approved Addendum No. 3 with CCOP, LLC to renew its lease of approximately 84,000 square feet of space at Fountain Plaza Two from August 2027 to July 2032, starting at $18 per square foot and escalating by 2.5% annually. This action ensures continued City operations and retail occupancy in City Center through 2032.
Contract Details
Contract Amount
$18.00 per square foot, escalates 2.5% annually
Vendor
CCOP LLC
Agency
City of Newport News, VA
Contract Type
FACILITIES
Document Date
June 9, 2026
Contract Term
August 1, 2027 – July 31, 2032 (5 years)
Renewal Date
2032-07-31
Renewal Info
5-year renewal option exercised; initial lease was 25 years with renewal clause. Terms include annual escalation. This is Addendum No. 3.
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