U.S. General Services Administration
GSA Closes on Auctions of Bedford Hangar and Groton Navy Chapel; Returns Over $9 Million to the U.S. Navy
BOSTON – The U.S. General Services Administration (GSA), as part of its mission to deliver value and savings in real estate, acquisition, technology, and other mission support services across the government, has closed on two real estate auctions, and conveyed the properties to the respective high bidders.
The Bedford Navy Hangar, in Bedford, Massachusetts, sold for $9,040,000, while a former Navy Chapel and Community Center in Groton, Connecticut, sold for $239,088. Proceeds from these sales will be returned to the U.S. Navy.
Both properties were sold by online auction as part of GSA’s ongoing efforts to dispose of excess properties, saving money and making more efficient use of the government’s real estate assets.
“GSA is responsible for promoting effective use of federal real property assets, as well as the disposal of real property that is no longer mission-critical to federal agencies,” Chris Averill, Regional Administrator for the New England Region, said. “Disposal of real property that is no longer mission-critical to federal agencies reduces the government footprint, and saves the taxpayers hard-earned dollars.”
The transactions were handled by the New England Region Real Property Utilization and Disposal Division. The division provides realty services to federal agencies throughout the region, as well as in New Jersey, New York, Ohio, Indiana, Illinois, Michigan, Minnesota, Wisconsin, Puerto Rico and the U.S. Virgin Islands.
With thousands of properties in the federal portfolio, disposing of underused federal property is a considerable task. GSA—while working together with partner federal agencies, state and local governments, non-profit organizations, business groups, and citizens—leaves a lasting positive impact on communities by making valuable government real estate available for numerous public purposes.
Unneeded or underutilized federal property can vary widely in type and value, and may include:
- Undeveloped land
- Office buildings
- Warehouses
- Commercial and industrial facilities
- Military holdings
- Single- and multi-family residences
These former federal properties can contribute to a community’s vitality by providing benefits such as:
- Expanded employment opportunities
- Housing for the homeless
- Establishment of educational centers, parks, and open spaces
GSA’s New England Region provides centralized procurement for the federal government by managing its real estate portfolio, products and services throughout Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. GSA’s mission is to deliver value and savings in real estate, acquisition, technology, and other mission-support services across government. For more information, visit: www.gsa.gov/r1 and follow us on Facebook and Twitter.
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About GSA:
GSA provides centralized procurement for the federal government, managing a real estate portfolio of approximately 368 million square feet of property, and approximately $55 billion in annual contracts. To learn more about GSA visit gsa.gov or join the conversation on social media @US_GSAR1 or @GSANewEnglandRegion