GSA Gets Approval To Begin Search For 1.3M SF SEC Headquarters
Landlords and developers with over 1M SF of office space to lease in D.C. now have a big tenant to court.
The General Services Administration received approval from a House committee Thursday to begin its search for a new, 1.3M SF headquarters for the Securities and Exchange Commission, the Washington Business Journal reports.
In June, the GSA released a pre-solicitation for the SEC headquarters, seeking a 15-year lease term for between 1.06M SF and 1.27M SF across no more than three buildings. The pre-solicitation says it is looking in the central employment area of Washington, D.C.
Given the lack of existing, vacant 1M SF-plus blocks of office in D.C., the GSA could look to execute a build-to-suit deal on a development site. Some potential options include the sites in NoMa, Capitol Riverfront and Poplar Point that the GSA identified as finalists in the 1M SF, since-stalled Department of Labor headquarters search.
The House Transportation and Infrastructure Committee, in addition to approving the SEC search Thursday, also authorized the GSA to seek a lease for up to 266K SF for the Defense Intelligence Agency in suburban Maryland, two State Department leases in D.C. totaling up to 299K SF and a lease for the Patent and Trademark Office in Northern Virginia of up to 191K SF.