July 06, 2026

GSA Finalizes $30M San Antonio Property Sale Five Years Ahead of Schedule, Making Way for New Spurs Arena

Sale delivers taxpayer savings and unlocks downtown redevelopment

SAN ANTONIO – Today, the U.S. General Services Administration (GSA) announced the completion of a $30 million negotiated sale of federal property to the city of San Antonio, in partnership with the Spurs. The sale marks GSA’s ongoing efforts to rationalize the inventory of federal real estate and cut costs for American taxpayers.

“This sale in San Antonio is another example of GSA leading the way in executing President Trump’s directive to fortify the federal real estate portfolio,” said GSA Administrator Edward C. Forst. “Through an accelerated disposition process, we completed this transaction five years ahead of schedule, facilitating the federal government to divest an asset that no longer supports its operational needs.”

GSA used a short-term sale-leaseback agreement to expedite the transaction, authorizing the agency to dispose of the underutilized property while ensuring uninterrupted operations for federal tenants. This approach maintains access to safe and efficient workspaces without disruption to agency missions, while GSA relocates those agencies to alternative space in the surrounding area.

“Today’s closing is an important step forward for downtown San Antonio,” said San Antonio City Manager Erik Walsh. “This $30 million purchase, funded by the Spurs, gives the City a chance to help guide future growth and redevelopment in the heart of our city as we work toward a downtown Sports and Entertainment District and a new Spurs arena. We appreciate the U.S. General Services Administration’s partnership in getting this done.”

“We appreciate the collaboration with our partners at the City of San Antonio and the GSA who helped make this milestone possible,” said RC Buford, CEO of Spurs Sports & Entertainment. “This supports the ongoing planning efforts for the downtown arena district and reflects the shared commitment to creating a place that will serve San Antonio for generations. We look forward to continuing the partnership and work in the months ahead.”

The sale included three parcels totaling 5.7 acres, comprising the San Antonio Federal Building West at 727 E. Cesar E. Chavez Blvd. and two parking lots located directly across the street. Conducted in collaboration with federal partners, the sale removes the property from the federal inventory while creating opportunities for local economic redevelopment. 

GSA has reduced costs and strengthened the federal real estate portfolio by disposing of over 127 properties since January 2025, thereby generating $614 million in proceeds, avoiding $1.15 billion in delinquent maintenance and operating expenses, and preventing $872 million in costs through lease negotiations and reductions. Recent dispositions include the Old Post Office, the Liberty Loan Building and the GSA Regional Office Building in Washington, D.C., as well as additional sales in Maine, Minnesota, Texas, California and Tennessee. 

Alongside this, GSA is leading a coalition of every cabinet agency and many federal leaders urgently advocating for full Federal Buildings Fund (FBF) access and raising its prospectus threshold from $3.96 million to $75 million. The FBF finances federal real estate upkeep through agency rent payments, but GSA requires congressional approval to use these funds, and any GSA lease or capital improvement project exceeding $3.96 million requires formal committee approval. Full FBF access is vital to address the nearly $50 billion in delinquent maintenance impacting the federal real estate portfolio, which continues to decay while Congress delays. 

In addition to the sale of this property, GSA has listed other buildings for accelerated disposition 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.