National Commercial Real Estate News From CoStar Group
GSA Announces 661,000-SF Lease in Alexandria
The U.S. General Services Administration has announced a new lease agreement for the National Science Foundation's national headquarters, signing a 15-year lease at the proposed Hoffman Town Center complex in Alexandria, VA.
Under the new lease agreement, the NSF will occupy 660,848 square feet at rents that fall more than 30 percent below market value, in a move that will save taxpayers $65 million over the term of the lease. An additional $35...