GSA announces accelerated disposition of Celebrezze Federal Building
40-story skyscraper Celebrezze property now available in Cleveland
CLEVELAND — The U.S. General Services Administration (GSA) has announced the initiation of public sale of the Anthony J. Celebrezze Federal Building. By including the Celebrezze Federal Building in President Trump’s plan to shrink the government’s real estate portfolio, we expect to save taxpayers over $180 million in maintenance and redevelopment costs.
The disposition of the Celebrezze Federal Building is part of a larger strategy to evaluate underutilized assets and shrink the federal footprint. This is the first step in GSA’s disposition process, under which the properties could be transferred, exchanged, or sold to a federal, state, or local entity — or to the public — after input and engagement with stakeholders.
GSA has also coordinated with communities and local officials to keep them informed of the disposition process—including opportunities for engagement—with the goal of continued use of properties, such as advancing local economic development and employment.
Along with the disposition of the Celebrezze building, GSA will continue to consider assets for divestment from government ownership in an orderly fashion to ensure taxpayers no longer pay for empty and underutilized federal office space, or the significant maintenance costs associated with long-term building ownership — potentially saving more than $430 million in total annual operating costs.
GSA remains committed to solving long-term problems that exist in the federal portfolio of assets.
We invite interested parties to contact accelerated.disposals@gsa.gov.
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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 over 360 million rentable square feet, oversees more than $110 billion in products and services via federal contracts, and delivers technology services that serve millions of people across dozens of federal agencies. GSA’s mission is to deliver the best 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.
Contact
press@gsa.gov