Republic Properties Appears To Have Landed Another Federal Tenant To Replace The FCC

445 12th St SW
Republic Properties' Office Building At 445 12Th St., Where The Gsa Recently Signed A Lease To Move The Pension Benefit Guaranty Corp.

Republic Properties Corp. fought a legal battle to try to keep the Federal Communications Commission in its Southwest DC building, but now it appears the landlord has found a replacement for the agency.

Court documents show the General Services Administration has selected Republic's building at 445 12th St. SW as the winner of the Pension Benefit Guaranty Corp. bid, the Washington Business Journal reports.

The GSA began seeking a new office last summer for the PBGC, an agency that protects pensions for more than 40 million employees. It is headquartered at 1200 K St. NW near Franklin Square.

Under the new deal, the PBGC would fill up to 431K SF at 445 12th St. SW and would move in by June 2021, helping to fill the 602K SF vacancy the FCC will leave in the building when it moves to NoMa in November 2019.

After the GSA selected Trammell Crow's Sentinel Square development in NoMa as the new HQ for the FCC last year, Republic filed a lawsuit contesting the GSA's search requirements. A judge in December dismissed that lawsuit, clearing the way for the FCC to move to NoMa.

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