GSA selects Alexandria for new TSA HQ
ALEXANDRIA, Va. — The U.S. General Services Administration announced a new lease agreement for the Transportation Security Administration’s national headquarters to move to Alexandria. The agreement saves taxpayers more than $95 million over the 15-year lease term, while providing TSA with more efficient space for the continued protection of the nation’s transportation systems. The selection follows a multi-year, regionally competitive site selection process.
“This is yet another great GSA-negotiated deal for government and the American people. The new lease agreement enables TSA to consolidate four locations into one at a rental rate and utilization rate that will ensure the agency is more efficient and effective in executing its mission,” said Darren Blue, PBS commissioner for GSA’s National Capital Region.
Under the new lease agreement, TSA will fully occupy 625,000 square feet at the Victory Center Building by spring 2018, at a rental rate more than 25 percent below projected market rents and a utilization rate more than 20 percent below the agency’s current utilization rate. The agreement also provides over $50 million for tenant fit-out costs and other transition-related expenses.
TSA headquarters will remain at current leased spaces while construction and tenant build-out of the facility are completed. The new facility will offer more efficient use of space than TSA’s current locations and less energy and water usage than typical office buildings.
Image courtesy of TSA
Source: GSA press release