May 29, 2026

GSA Sells Historic Liberty Loan Building in Washington, D.C.

Sale eliminates underutilized space and continues momentum in property dispositions

WASHINGTON – Today, the U.S. General Services Administration (GSA) announced the completion of a competitive public sale of the Liberty Loan Building, located at 401 14th St SW in Washington, D.C. The property was identified for accelerated disposition last year in alignment with the Trump Administration’s directive to consolidate the federal real estate footprint and eliminate costly, underutilized assets.

“GSA is delivering on President Trump’s priority of fortifying the federal footprint,” said GSA Administrator Edward C. Forst. “This sale eliminates a costly liability and is expected to save taxpayers nearly $14.6 million in delinquent maintenance and $1.6 million annually in operating costs.”

The Liberty Loan Building, a roughly 2.76 acre property, with a six-story building of approximately 173,000 gross square feet, is optimal for new economic development in the area. Situated in Washington, D.C.’s Southwest corridor, this property is located directly across the Tidal Basin from the Jefferson Memorial, and within walking distance of the National Mall, Washington Monument and the Southwest waterfront.

The surrounding area has experienced significant redevelopment in recent years, with continued investment in mixed-use and residential projects, positioning the property for redevelopment, in line with the neighborhood’s ongoing transformation.

“The Liberty Loan Building represents a once‑in‑a‑generation opportunity to acquire a truly unique asset and anchor the redevelopment of Southwest DC,” said Kyle Schoppmann CBRE’s Mid-Atlantic President. “Its unobstructed views of the Tidal Basin, proximity to the National Mall and redevelopment flexibility drove exceptional investor interest. CBRE was proud to partner again with the U.S. General Services Administration on this assignment, working collaboratively to navigate the unique complexities of a federal disposition and deliver a successful outcome for this historic property and US taxpayers.”

This sale follows the recent disposition of the GSA Regional Office Building in Washington, D.C., and additional property sales in Minnesota, Texas, California, and across America, saving taxpayers millions in delinquent maintenance. This reflects GSA’s broader effort to eliminate underutilized federal buildings, reduce long-term liabilities, and transition aging assets into productive private-sector use.

In addition to the sale of this property, GSA has listed other buildings for potential disposal to ensure taxpayers no longer pay for underutilized federal office space. GSA projects that the sale of these buildings will eliminate $5 billion in delinquent maintenance and annual operating costs.

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About GSA: GSA provides centralized procurement and shared services for the federal government. GSA manages a nationwide real estate portfolio of approximately 360 million rentable square feet, oversees more than $126 billion in products and services via federal contracts, and delivers technology services to millions of people across dozens of federal agencies. GSA’s mission is to deliver exceptional customer experience and value in real estate, acquisition, and technology services to the government and the American people. For more information, visit GSA.gov and follow us at @USGSA.