GSA Transfers Federal Property to the Federal Reserve Board

GSA Transfers Federal Property to the Federal Reserve Board

Washington, D.C.  – (RealEstateRama) — The U.S. General Services Administration (GSA) transferred custody of the South Interior Building, 1951 Constitution Avenue, N.W. in Washington, D.C., to the Board of Governors of the Federal Reserve System.

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The 128,341 gross square foot building, completed in 1933, sits on 3.2 acres, faces the National Mall, and is listed on the National Register of Historic Places.

“We are pleased to transfer the South Interior Building to the Federal Reserve Board, enabling them to renovate this historic property,” said GSA’s Public Buildings Service Commissioner Daniel Mathews. “This transfer will put a vacant building back in productive use, allow the Federal Reserve Board to consolidate several leases and result in savings for taxpayers.”

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The mission of the U.S. General Services Administration is to deliver value and savings in real estate, acquisition, technology, and other mission-support services across government.

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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.

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