GSA Awards Lease for FBI Field Office in Woodlawn, MD, Saving $2.4 Million Annually on Rent
GSA Mid-Atlantic Region recently awarded a 15-year succeeding lease for the Federal Bureau of Investigation’s (FBI) Field Office in Woodlawn, MD. The lease award was the result of several years of planning and teamwork between FBI and GSA who successfully negotiated with the lessor to create cost saving lease terms.
The 155,755 rentable square foot succeeding lease will avoid millions of dollars in relocation costs and provide rental savings of approximately $2.4 million annually, resulting in $36 million over the lease term. These rental savings are a result of a negotiated rental rate reduction at the existing Woodlawn facility. FBI was able to further leverage the savings realized at the Woodlawn location by strategically consolidating their resident agent offices formerly in Beltsville, MD, into the Woodlawn Field Office, realizing even more rental savings.
With a tenant satisfaction score of 91% at their Woodlawn Field Office, FBI is thrilled to continue operations in its high-quality, build-to-suit space.