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The General Services Administration is hoping to trade its Metro West building in Baltimore for construction or renovation services on its other facilities, according to an agency announcement Wednesday.
The agency plans to issue a request for information for developers in the area Aug. 8 and interested parties will have 45 days to respond.
The 1.1 million-square-foot building will become vacant in 2014. The facility has a parking garage and sits on nearly 11 acres of land, according to the agency.
“Now that the Metro West facility will soon no longer serve the government’s needs, GSA is seeking ideas from the development community on a potential exchange of the building,” said GSA Regional Administrator Sara Manzano-Diaz.
She said the responses they receive from the business community will help the agency determine the best use of the property and save money on maintenance and repair costs while providing funds for needed projects elsewhere.
This isn’t the first time GSA decided to explore the possibility of exchanging one property for another or for services.
On Dec. 3, 2012 GSA issued a request for information to exchange the 2.4 million-square-foot J. Edgar Hoover FBI Building in downtown Washington for a new headquarters nearby.
A 2005 law authorizes GSA to enter into special financing deals to exchange, trade, lease or otherwise negotiate for new construction or renovation projects.