Office of Justice renews 252,000-square-foot lease in D.C.
The U.S. General Services Administration (GSA) recently entered into a 10-year, 251,795 square-foot renewal lease for the Office of Justice at 810 7th Street NW in Washington, D.C.
Kurt Stout, executive vice president of Colliers Government Solutions and F. Joseph Moravec, an independent consultant, represented the building’s landlord and owner, KanAm Grund Kapitalanlagegesellschaft. The German open-end real estate fund has owned the property since 2003. Henry Chapman and Sara Dunstan of CBRE represented GSA.
The GSA Public Buildings Service (PBS) acquires space on behalf of the federal government through new construction and leasing. It also acts as a caretaker for federal properties across the country. PBS owns or leases 9,624 assets, maintains an inventory of more than 370.2 million square feet of workspace for 1.1 million federal employees and preserves more than 481 historic properties.