The Securities and Exchange Commission will leave its longtime headquarters near Union Station for a new home in NoMa, the General Services Administration announced Thursday.
The GSA, the federal government’s civilian real estate arm, has signed a 1.23 million-square-foot lease with an affiliate of Douglas Development Corp. for a new headquarters to be constructed at 60 New York Ave. NE, adjacent to the Peoples Building at 64 New York and steps from the NoMa-Gallaudet Metro station. Douglas, with partner Midtown Equities, will lead the design, entitlement and construction of the new building.
The 15-year lease for what the GSA calls “Financial Plaza” includes a 10-year extension option. The deal also includes purchase options the GSA can exercise at the end of the initial term or the extension term. Financial details were not immediately available.
“Our vision to redevelop this expansive, free-standing site began 30 years ago when we first purchased the land, and it’s exciting to…
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