ARLINGTON, VA-After a nearly year-long search for just the right space, the US General Services Administration has settled on the $2-billion Potomac Yard development project as the new location to house the offices of the US Environmental Protection Agency. The 10-year pre-lease agreement for 400,000 sf of office space within the massive mixed-use development is said to be worth approximately $140 million.

The deal with Crescent Potomac Yard Development LLC, developer of the 300-acre endeavor, will allow the EPA to consolidate under one roof its employees currently working from three different spaces in the neighboring Crystal City submarket.

Potomac Yard is a gargantuan effort that will ultimately yield 2.8 million sf of office space, 100,000 sf of retail space, 800 residential units and a 625-room hotel. The EPA will be housed in all of Potomac Yard One and part of Potomac Yard Two, two 12-story office buildings accounting for a total of approximately 600,000 sf of space. In addition to class A office space, the structures will each feature first floor and ground-level retail space, as well as a six-level parking facility, three floors of which will be underground.

“EPA requires that its office locations feature sustainable design and green building concepts, and both of these buildings will earn a US Green Building Council LEED Silver rating,” says Anthony E. Costa, assistant regional administrator for the GSA’s National Capital Region.

EPA’s current leases at three buildings on the 1900 block of Jefferson Davis Highway had been extended last year and are now scheduled to expire in 2006, right about the same time Potomac Yard One and Two are due to reach completion.

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