GSA Offering 1.8M SF Dept. of Labor HQ in Trade for New Property
Want to get a jump-start on upcoming deals? Meet the major D.C. players at one of our upcoming events!
The GSA has decided that the current Department of Labor HQ, the 1.8M SF Frances Perkins building, is outdated. Yesterday, it issued a Notice of Interest in swapping the 10-acre parcel at 200 Constitution Ave for a new HQ between 850k and 1.4M rentable SF.
The seven-story, 1.8M SF office building, steps from the Capitol, is in need of upgrades to the electrical, heating, plumbing and elevator systems. The GSA has released two issuances to explore the viability of a new HQ that would consolidate the Department’s real estate footprint and provide an alternative to costly renovations.
Since the DOL HQ is a Cabinet-level facility, it is required by law to be housed in the District. That will make the GSA's task of finding a massive office footprint especially difficult. The agency said in its press release that it wants to own the land.