WASHINGTON, DC—Taking the local broker community by surprise, the General Services Administration announced on Monday evening that it is seeking a new facility to house the US Labor Department. The alternative, it said in its announcement, would be a “costly renovation” of the 1.8 million square foot Frances Perkins Building — a 41-year-old building that is in need of modern heating, electrical, plumbing and elevator systems, according to the GSA.

But it doesn’t appear as though GSA is seeking a new building to lease and indeed, there are no viable candidates in the District that are large enough for the Labor Department’s needs. (The law requires that Cabinet-level departments are located within the District of Columbia.) So the GSA has issued a Notice of Intent that it is “exploring an exchange of the current headquarters and the underlying approximately 10.5-acre parcel.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.