Virgin Islands Port Authority Board Meeting Actions List 2026-05-20
VIPA Approves 10-Year Storage Lease With A&R Warehouse
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Description
The Virgin Islands Port Authority approved a long-term lease with A&R Warehouse & Storage LLC for 17,000 square feet at #69 Lindbergh Bay (Bourne Field). The lease runs from September 1, 2022 through August 31, 2032 at $61,197.36 per year with a 5% CPI adjustment every three years for storage of goods, materials, and equipment.
Contract Details
Contract Amount
$61,197.36 per annum
Vendor
A&R WAREHOUSE & STORAGE LLC
Agency
Virgin Islands Port Authority, VI
Contract Type
FACILITIES
Document Date
May 20, 2026
Contract Term
September 1, 2022 through August 31, 2032
Renewal Date
2032-08-31
Renewal Info
Lease includes a 10-year term with 5% CPI rent increase every three years; no explicit renewal options stated beyond August 31, 2032.
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