GSA statement on Federal Triangle South from Public Building Service Commissioner, Norman Dong

WASHINGTON, DC – March 1, 2016 – (RealEstateRama) — GSA canceled the solicitation for the Cotton Annex and Regional Office Building exchange project to ensure we maximize the value of these assets. After going through a deliberate, open, and competitive process, the offers we received ultimately did not propose an adequate return on these assets.

We are immediately putting the Cotton Annex into the disposal process and beginning to assess the best long-term strategy for the Regional Office Building. We still believe that exchanges are an important tool in our toolkit as we look to divest of underperforming property, reduce the federal footprint, and deliver on capital investment priorities.

CONTACTS
Teressa Shih Wykpisz-Lee
(202) 213-9307

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GSA provides workplaces by constructing, managing, and preserving government buildings and by leasing and managing commercial real estate. GSA's acquisition solutions offer private sector professional services, equipment, supplies, and IT to government organizations and the military. GSA also promotes management best practices and efficient government operations through the development of governmentwide policies.

Tel: (800) 488-3111

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