The General Services Administration announced the sale of a major underused federal property in Southwest Washington, D.C., as part of the Trump administration’s broader push to shrink the government’s real estate footprint and reduce maintenance costs tied to vacant buildings.Federal officials said the sale of the Liberty Loan Building is expected to save taxpayers nearly $14.6 million in deferred maintenance costs, along with an additional $1.6 million in annual operating expenses.“GSA is delivering on President Trump’s priority of fortifying the federal footprint,” GSA Administrator Edward Forst said in a statement announcing the transaction.
The Liberty Loan Building sits on roughly 2.76 acres in Washington’s Southwest corridor and includes a six-story structure totaling about 173,000 gross square feet. The site overlooks the Tidal Basin and is located near several major landmarks, including the Jefferson Memorial, the National Mall, the Washington Monument, and the Southwest waterfront.
Until 2024, the building held the Department of the Treasury’s Bureau of the Fiscal Service, which was relocated to the U.S. Mint headquarters last spring. The Liberty Loan Building, built in 1919 to house the growing Liberty Loan bond program during World War I, has “outlived its useful life,” according to the GSA.
