First Potomac Protests Possible GSA Move

First Potomac Realty Trust filed a bid protest against the GSA, which leases roughly 175k SF from it for the Department of Homeland Security and the Department of Justice. The GSA has been leasing space at First Potomac's Prosperity Metro Plaza (pictured) since 2004, but could be looking for alternative locations to house the agencies. In November, GSA issued a tentative pre-solicitation for 104k SF, the Washington Business Journal reports, but hasn't announced a formal request for proposals. First Potomac is getting a head start before a formal RFP is issued, arguing that vacancy rates in Northern Virginia are high because of sluggish leasing from federal agencies and private companies. No word on whether first Potomac is protesting a move by the DHS or the Justice Department's DEA. A decision is expected around late August. [WBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters