Washington DC CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
GSA to Sell USDA’s 2.1M-SF South Building in DC
The U.S. Department of Agriculture (USDA) and the U.S. General Services Administration (GSA) announced the planned disposition of the Agriculture South building in Washington, D.C.
The move to vacate and sell the massive older building is part of a broader initiative to cut costs at the department. Currently, taxpayers are carrying a billion-dollar liability for the building that is more than 85 percent vacant. Disposition eliminates risk and avoids $1.6 billion in delinquent maintenance.
The flagship USDA property which was built in the 1930s will be turned over to the GSA for sale. The department said it is planning to relocate much of its remaining staff in the U.S. capital to hubs in North Carolina, Missouri, Indiana, Colorado and Utah.
Last year, the GSA announced sweeping efforts to downsize the federal government’s footprint across hundreds of non-core government-owned buildings. That list of properties originally totaled approximately 80 million square feet and spanned most of the 50 states, with a concentration in Washington, D.C. and its metro area.
