X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-The District government has backed out of plans to move most of its Metropolitan Police Department to the former Washington Star/Post printing facility at 225 Virginia Ave., SE. A 421,000-sf lease, it was the largest signed in the District in Q2, according to GVA Advantis’ reckoning.

When the lease was signed in December 2006 MPD planned to move its evidence storage, violent crimes, narcotics and special investigation, special operations, the superintendent of detectives, MPD Headquarters and the First District Station to the new digs. All together some 1,100 employees would have moved under the terms of the 20-year lease, according to GVA Advantis data.

Since then, according to Lars Etzkorn, director of the DC Office of Property Management, the District has determined that the transaction would be too expensive. “Fortunately we realized before it was too late that forcing three dissimilar police functions in this building–a local police station and its cell-block, a warehouse for secure evidence storage along with regular office space–is not cost effective,” he says in a statement. “In addition, we have found the facility to be inconsistent with the adjacent neighborhood. OPM is now studying the future of the building.”

Tonya L. Ginter, CCIM and director of Research & Marketing for GVA Advantis tells GlobeSt.com that rising rental rates are making the District increasingly expensive–too expensive in some cases–for many businesses and institutions. “Even in Southeast it is no longer cost effective for many types of operations,” she says. According to Ginter, average rents in the District have increased to $44.97 per sf from $42.74 per sf, just 12 months.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.