GSA announces the sale of the Metro West Facility
VISION UPDATE: June 15, 2016
The U.S. General Services Administration’s (GSA) Administrator Denise Turner Roth, Baltimore Mayor Stephanie Rawlings-Blake, and Nate Loewentheil, head of the President’s Task Force for Baltimore and senior advisor on the White House National Economic Council, announced the sale of the Metro West facility in downtown Baltimore, Maryland.
“Early on, GSA worked hand in hand with the community to return this property to the city tax rolls and spur economic growth and stability in downtown Baltimore,” said GSA Administrator Denise Turner Roth. “Leveraging the presence of the federal government as a catalyst for economic development here in Baltimore and in communities nationwide is at the heart of my vision for our agency’s future.”
The disposal of this property is expected to yield more than $3.2 million a year in savings for the federal government while serving as a catalyst for economic development in the heart of downtown Baltimore. The 1.1 million-square-foot Metro West facility in downtown Baltimore, Maryland. recently sold for more than $7 million in a property auction.
“The sale of Metro West is an important step for Baltimore City to continue development and economic growth on the West side,” said Mayor Rawlings-Blake. “I am looking forward to seeing the vision of the new development team for this important section of our city.”
GSA is committed to disposal of underutilized real estate to help promote economic development within cities and communities, while getting the best value for American taxpayers. Since 1987, GSA has conveyed over $3 billion worth of property across the United States. To learn more about GSA’s disposal process, please visit here.