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PBGC Takes 433,000 SF at Portals II

The FCC is currently occupying Portals II until late 2020.

By Erika Morphy | Updated on December 18, 2017

Portals II

WASHINGTON, DC–Republic Properties Corp. has secured the Pension Guarantee Benefit Corp. as the anchor tenant for 445 Twelfth St, SW, a 610,000-square foot building, otherwise known as Portals II. PBGC is taking approximately 433,000 square feet in the building in a 15-year lease that will begin in late 2021 after the current tenant, the Federal Communications Commission, moves out.

The FCC is leaving in late 2020; after that the building will be fully renovated for PBGC’s occupancy. The remaining space in the building — the approximately 167,000 square feet that won’t be occupied by PBGC — has its elevator lobby and street address.

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