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GSA, Navy Near Deal on Former Coast Guard HQ

GSA

The General Services Administration is finalizing details of an occupancy agreement for the Navy to move into the Coast Guard‘s former headquarters at Buzzard Point in Washington, the Washington Business Journal reported Friday.

Daniel Sernovitz writes GSA’s lease for the 600,000-square-foot building expires in May 2015 and the federal government is responsible for at least $30 million in rental payments even if the space is not used.

GSA and the Naval Sea Systems Command entered into a temporary occupancy agreement after the shooting at the Navy Yard in September, Sernovitz reports.

The Navy would move into the Buzzard Point Site as the Coast Guard further establishes its new headquarters at the St. Elizabeths campus, according to the report.

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