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

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.

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