The General Services Administration accepted a bid of $19.5 million on its vacant heating plant in the pricey Georgetown area of Washington, D.C. The agency had been under pressure from congressional committees to ditch the property.
Acting administrator Dan Tangherlini said the sale was just the latest in an all-hands-on-deck attempt to cut costs and unload excess property.
“GSA remains committed to using innovative ways to put excess properties to new uses. We are hosting auctions, requesting industry input, and offering proposed exchanges, which helps us to deliver on our mission to provide better value to the American people.”
The auction opened on January 18 with a closing soft closing date was set for of February 19, but because of the enthusiastic daily bidding activity, the online auction continued for an additional two weeks, according to GSA. Once the agency receives the bid they will transfer ownership of the building within 100 days.