The 9 Biggest GSA Leases Expiring In The Next 2 Years
As the General Services Administration awaits the appointment of its permanent administrator, it has an extensive list of upcoming lease expirations, which will leave a number of buildings throughout the DC area vacant. With help from Delta Associates, NGKF and Transwestern, we compiled a list of the nine largest federal government leases expiring in the next two years.
9. Nuclear Regulatory Commission
- Address: 11545 Rockville Pike, Bethesda
- Size: 348k SF
- Expiration Date: Dec. 14, 2018
The Nuclear Regulatory Commission's lease at Lerner's Rockville Pike building, which it has occupied since 1993, is scheduled to expire late next year. It had been looking at alternative suburban Maryland sites, but ultimately decided to stay put when the GSA extended the lease in April 2016.
8. State Department
- Address: 1801 North Lynn St., Arlington
- Size: 349k SF
- Expiration Date: June 30, 2018
As the GSA seeks a new lease for the State Department's Bureau of Diplomatic Security, The JBG Cos has retained JLL to market the agency's current home at 1801 North Lynn St., across the street from its Central Place development.
7. U.S. Agency for International Development
- Address: 400 C St. SW
- Size: 389k SF
- Expiration Date: Jan. 2, 2018
The GSA is seeking a new home to consolidate USAID, which currently occupies two buildings in Arlington and one in Southwest DC. Part of The Donohoe Cos. Federal Center Plaza, 400 C St. SW would become vacant next year if USAID relocates.
6. Department of Defense
- Address: 200 Stovall St., Alexandria
- Size: 402k SF
- Expiration Date: April 19, 2017
The Department of Defense's lease at Hoffman Tower II in Alexandria, which it has occupied for 30 years, was scheduled to expire this year. The GSA renewed the lease in 2014, so the Hoffman family will keep its anchor tenant for the foreseeable future. It is one of the pieces of property the family still owns after shedding much of its portfolio in Alexandria in sales to developers.
5. Immigration and Customs Enforcement
- Address: 500 12th St. SW
- Size: 404k SF
- Expiration Date: Jan. 16, 2018
4. Drug Enforcement Agency
- Address: 600 Army Navy Drive, Arlington
- Size: 504k SF
- Expiration Date: Sept. 30, 2018
The GSA has been seeking a new home for the DEA to replace its Pentagon City HQ. The building it would vacate is 600 Army Navy Drive, currently owned by the California State Teachers Retirement System.
3. Department of Justice
- Address: 601 D St. NW
- Size: 520k SF
- Expiration Date: Oct. 31, 2018
The DOJ is moving to NoMa, filling 839k SF at StonebridgeCarras' Constitution Square. The largest of the four East End offices it is vacating, the Patrick Henry Building, was sold in September to an undisclosed buyer.
2. National Science Foundation
- Address: 4201 Wilson Blvd., Arlington
- Size: 570k SF
- Expiration Date: Dec. 31, 2017
The NSF is moving from Ballston to Eisenhower Avenue in Alexandria. Jamestown bought the Ballston building for $210M in 2015, after NSF had already planned to move. The German-backed fund is aggressively marking the property to potential tenants, hoping to fill the major vacancy created by NSF's move.
1. Federal Communications Commission
- Address: 445 12th St. SW
- Size: 602k SF
- Expiration Date: Oct. 16, 2017
The FCC is moving to Trammell Crow's Sentinel Square in NoMa. Its landlord, an affiliate of Republic Properties Corp, filed a lawsuit to try to block the move, claiming unfair search requirements. That lawsuit was dismissed in December, clearing the way for the agency to move to NoMa and leaving Republic Properties in need of a new tenant.
Current Public Building Service commissioner Norman Dong and former PBS commissioner Bob Peck and former GSA head of leasing Elaine Clancy will discuss more GSA trends and deals on April 27 at Bisnow's Federal Markets event.