Overview
- The General Services Administration’s 940,000-square-foot Regional Office Building, which officials said sold Wednesday, went to a Dalian Development affiliate for about $24 million.
- GSA says the sale avoids more than $200 million in deferred repairs and cuts about $5.5 million a year in operating costs.
- The property, vacant since March 2025 after serving as Homeland Security’s headquarters, is slated for housing, retail, and entertainment under the buyer’s plan.
- Officials presented the sale as the first major D.C. disposition of the current term and pointed to more moves next, with HUD’s Weaver headquarters listed and USDA’s South Building being cleared for disposal.
- Sen. Joni Ernst praised the sale as part of her campaign to offload unused buildings, as watchdogs note real property has long been on GAO’s high-risk list and GSA reports multibillion-dollar maintenance backlogs.