GSA to Dispose of Surplus Federal Property in Laguna Niguel, CA
Sale of the iconic former Chet Holifield Federal Building supports civic and commercial reinvestment
LOS ANGELES — Today, the U.S. General Services Administration (GSA) announced the public sale of the former Chet Holifield Federal Building in Laguna Niguel, California. This strategic disposition of surplus federal property underscores GSA’s commitment to optimizing the federal footprint and ensuring the efficient stewardship of taxpayer dollars. GSA is partnering with global real estate firm CBRE to sell the property.
“GSA is taking a targeted approach to reducing the bloated federal real estate portfolio,” said GSA Administrator Edward C. Forst. “By eliminating long-term liabilities, including delinquent maintenance costs, we are saving taxpayer money, while focusing our limited resources on our core assets.”
The iconic federal building, a 90-acre property known as the ‘Ziggurat,’ represents a rare opportunity to acquire a landmark with unparalleled potential for a transformative redevelopment in Southern California. Completed in 1971, the 1-million-square-foot building in Orange County stands out for its architectural resemblance to a Mesopotamian ziggurat temple. Designed by the renowned William Pereira, architect of San Francisco’s Transamerica Pyramid and UC Irvine, the building features a distinctive, stepped-pyramid design offering a unique canvas for reimagining its future.
“CBRE will apply its deep market expertise and reach to marketing this unique property for sale by the GSA,” Chris Connelly, CBRE Executive Group President of Advisory Services in the U.S. and Canada said. “This is the latest step in CBRE’s many years of supporting the GSA in fulfilling its mission.”
Through collaboration with federal partners and in accordance with all applicable laws, this sale allows GSA to efficiently move this property out of the federal inventory while providing local economic opportunities for redevelopment.
In addition to the sale of this building, GSA has separately identified other buildings for potential disposal to ensure taxpayers no longer pay for empty and underutilized federal office space, or significant maintenance costs — potentially saving more than $430 million in total 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 $116 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.
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press@gsa.gov
U.S. General Services Administration