U.S. General Services Administration
GSA accelerates efforts to right-size federal real estate with plans to reduce federal footprint and save taxpayer money
GSA announces plans to dispose of 4700 River Road in Riverdale, Maryland
WASHINGTON - Today, the U.S. General Services Administration (GSA) announced it would begin the disposition process for 4700 River Road in Riverdale, MD. This disposition could lead to a potential reduction of more than 337,000 square feet for the federal government, saving about $26 million in reinvestment costs. This is the first step in GSA’s disposal process, under which the properties could be transferred, exchanged, or sold to a federal, state, or local entity or the public after robust input and engagement with stakeholders.
The River Road Building was built in 1994 and sits on a 12 acre site located within M Square Research Park in College Park, Maryland and is no longer needed by the federal government. This disposition further advances GSA’s efforts to right-size and modernize the federal buildings portfolio in order to better support agency missions and reduce costs for taxpayers.
As the nation’s federal landlord it is our responsibility to regularly evaluate and address the housing needs of our federal agencies in order to meet their space requirements and optimize the federal footprint,” said Melanie Gilbert, the Acting Regional Administrator and Regional Commissioner for the National Capital Region. “Disposing of property that is no longer mission critical to federal agencies results in a more efficient use of federal assets and provides significant savings to the American taxpayer.”
Today’s announcement builds on GSA’s record of driving efficiencies and savings throughout its portfolio. Over the past decade, GSA has helped to reduce the footprint of tenant agencies housed in office buildings under GSA’s custody and control by disposing of almost 11 million square feet of federally owned space and reducing almost 18 million square feet of leased space.
GSA also assists other landholding agencies in divesting their real property portfolios. Since 2015, over 1,000 properties have been divested by GSA on behalf of the executive branch, reducing over 24 million square feet of federally owned space. These property dispositions have returned over $2 billion to American taxpayers.
GSA is continuing its efforts to identify and market surplus federal properties that represent the best opportunities for residential development, including continuing to convene developers, municipalities, and other stakeholders to learn about opportunities and challenges.
The Real Property Disposition program gives GSA and local communities the opportunity to make valuable government real estate available for numerous local government and private sector uses.
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About GSA: GSA provides centralized procurement and shared services for the federal government, managing a nationwide real estate portfolio of nearly 370 million rentable square feet, overseeing over $100 billion in products and services via federal contracts, and delivering technology services that serve millions of people across dozens of federal agencies. GSA’s mission is to deliver the best customer experience and value in real estate, acquisition, and technology services to the government and the American people. For more information, visit GSA.gov and follow us at @USGSA.