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U.S. Treasury Department to Consolidate Two Agency Leases in D.C.

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U.S. Treasury Department to Consolidate Two Agency Leases in D.C.


The General Services Administration’s downsize of the federal government’s office footprint continues, with the Treasury Department as the latest lucky contestant. 

The GSA late last month awarded a lease contract to Duwaliya US Real Estate to house two Treasury agencies — its Office of Management and Office of Technical Assistance — in 65,000 square feet of space at 1575 I Street NW, according to the Business Journal, which cited a source familiar with the deal. 

SEE ALSO: FECR Lands Five New Tenants at 1101 Brickell in Downtown Miami

The new consolidation is a hefty cutback in space for the agencies, which will vacate four leases at 1750 Pennsylvania Avenue NW (121,000 square feet) and 1722 I Street NW (75,000 square feet). Their new home is in the 12-story, 288,798-square-foot building at 1575 I Street just two blocks north of the White House. It’s also known as the ASAE Building for its tenant the American Society of Association Executives.

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The Treasury agencies’ leases are set to expire in August of next year, according to a 2023 GSA prospectus for the department. Though the existing leases will likely extend into the second half of 2026, per the Business Journal.

In the prospectus, the GSA proposed a downsize to 103,000 square feet for the agencies — nearly double the amount of space they’re set to take at the ASAE Building — a consolidation it justifies as a means to enable a “more robust telework program.”

“Approximately half of the currently housed personnel are moving to increased telework and will not be accommodated under the replacement transaction,” the prospectus says. “A small percentage will go into other existing Treasury spaces. By consolidating the currently separate locations, the proposed lease will increase efficiency, streamline operations, and eliminate redundant space while maintaining mission readiness.”

Duwaliya US Real Estate is an affiliate of Sheikh Khalid Thani A. Al Thani, a Qatari businessman and member of the Qatari royal family, per the Business Journal. His affiliate organization bought the property for $107.9 million in 2015 from Carr Properties, per property records.

The GSA is in the midst of slashing the government’s office space, a trend it started in recent years in order to reconfigure leases and properties it already owns and ditch properties it no longer needs. 

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D.C. recorded over 537,000 square feet of negative office space absorption this past quarter, with the city now in its fifth straight year of negative quarterly absorption, according to a recent D.C. office market report from CBRE. The GSA’s office cuts are a large part of that downward trend, accounting for nearly half of recent occupancy loss in the District, per CBRE.

Nick Trombola can be reached at ntrombola@commercialobserver.com.



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Washington, D.C

Tampa toffee maker represents small businesses nationwide in Washington, D.C.

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Tampa toffee maker represents small businesses nationwide in Washington, D.C.


When Lisa Schalk started making her own toffee in her Tampa Bay kitchen 26 years ago, she’d have no idea one day she’d be representing small businesses across the country on Capitol Hill. “I was a stay-at-home mom on a tight budget, and we would give our family toffee away as holiday gifts,” said Lisa. “The reason it was named Toffee to Go is people would come to my house, get it, and go.” Lisa and her husband, Jim, officially opened a brick-and-mortar store in 2002, Toffee to Go & More. However, it wasn’t until a decade later that they gained national attention, landing on Oprah’s List of Favorite Things.



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Tornado watch in effect for portions of Virginia, Maryland, West Virginia, DC

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Tornado watch in effect for portions of Virginia, Maryland, West Virginia, DC


The National Weather Service has issued a tornado watch in effect 6:15 p.m. Thursday until 7 a.m. Friday for the following areas:

  • THE DISTRICT OF COLUMBIA
  • IN MARYLAND THIS WATCH INCLUDES 14 COUNTIES
  • IN CENTRAL MARYLAND ANNE ARUNDEL HOWARD MONTGOMERY PRINCE GEORGES
  • IN NORTH CENTRAL MARYLAND CARROLL FREDERICK WASHINGTON IN NORTHEAST MARYLAND CECIL
  • IN NORTHERN MARYLAND BALTIMORE BALTIMORE CITY HARFORD IN SOUTHERN MARYLAND CALVERT CHARLES ST. MARYS
  • IN VIRGINIA THIS WATCH INCLUDES 33 COUNTIES
  • IN CENTRAL VIRGINIA ALBEMARLE CITY OF CHARLOTTESVILLE CITY OF FREDERICKSBURG GREENE KING GEORGE NELSON ORANGE SPOTSYLVANIA IN NORTHERN VIRGINIA ARLINGTON CITY OF ALEXANDRIA CITY OF FAIRFAX CITY OF FALLS CHURCH CITY OF MANASSAS CITY OF MANASSAS PARK CULPEPER FAIRFAX FAUQUIER LOUDOUN PRINCE WILLIAM STAFFORD IN NORTHWEST VIRGINIA CITY OF WINCHESTER CLARKE FREDERICK MADISON PAGE RAPPAHANNOCK SHENANDOAH WARREN
  • IN WESTERN VIRGINIA AUGUSTA AND ROCKINGHAM COUNTIES AND THE CITIES OF HARRISONBURG, STAUNTON, WAYNESBORO
  • IN WEST VIRGINIA THIS WATCH INCLUDES 5 COUNTIES
  • IN EASTERN WEST VIRGINIA
  • HAMPSHIRE HARDY
  • IN PANHANDLE WEST VIRGINIA
  • BERKELEY JEFFERSON MORGAN

THIS INCLUDES THE CITIES OF ABERDEEN, ALEXANDRIA, ANNAPOLIS, ARLINGTON, ARNOLD, ASPEN HILL, BALLENGER CREEK, BALTIMORE, BEL AIR, BERRYVILLE, BETHESDA, BOWIE, CALIFORNIA, CAMP SPRINGS, CATONSVILLE, CHANTILLY, CHARLES TOWN, CHARLOTTESVILLE, CHESAPEAKE BEACH, CLINTON, COLLEGE PARK, COLUMBIA, CROZET, CULPEPER, DAHLGREN, DUNDALK, DUNKIRK, EDGEWOOD, ELDERSBURG, ELKTON, ELLICOTT CITY, ESSEX, FAIRFAX, FALLS CHURCH, FALLSTON, FALMOUTH, FREDERICK, FREDERICKSBURG, FRONT ROYAL, GAITHERSBURG, GERMANTOWN, GLEN BURNIE, GORDONSVILLE, GREENBELT, GREENFIELD, HAGERSTOWN, HARRISONBURG, HARRISONBURG, HAVRE DE GRACE, HERNDON, HUNTINGTOWN, JOPPATOWNE, LAUREL, LEESBURG, LEXINGTON PARK, LURAY, LUSBY, MADISON, MANASSAS, MANASSAS PARK, MARTINSBURG, MCLEAN, MOOREFIELD, NORTH BEACH, ODENTON, ORANGE, PARKVILLE, PAW PAW, PIKESVILLE, POTOMAC, PRINCE FREDERICK, RANDALLSTOWN, RESTON, ROCKVILLE, ROMNEY, SEVERN, SEVERNA PARK, SHENANDOAH, SHEPHERDSTOWN, SILVER SPRING, SOUTH GATE, SPOTSYLVANIA COURTHOUSE, ST. CHARLES, STANARDSVILLE, STANLEY, STAUNTON, STAUNTON, STERLING, STRASBURG, SUITLAND-SILVER HILL, TOWSON, WALDORF, WARRENTON, WASHINGTON, WASHINGTON, WAYNESBORO, WAYNESBORO, WESTMINSTER, WINCHESTER, WINCHESTER, WOODBRIDGE, AND WOODSTOCK.

More: Live updates: Tracking Tropical Storm Debby and impacts on Virginia

More: FEMA issues wind advisory alert from National Weather Service



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Deputy Director of DC Buildings resigns after ethics investigation

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Deputy Director of DC Buildings resigns after ethics investigation


The deputy director of D.C.’s Department of Buildings, Caroline Lian, has resigned following a Board of Ethics investigation that revealed she had been working a separate full-time job with Freddie Mac during her telework days.

Lian, who also served as a Falls Church City Council member, allegedly participated in council business while on the clock for the District of Columbia. The investigation led to Lian being fined $25,000, and she is no longer part of the D.C. or Falls Church government.

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Her resignation from the Falls Church City Council became effective on Thursday, following revelations about her failure to properly report outside employment. The City of Falls Church confirmed her resignation, which was prompted by an article published in The Washington Post on Wednesday. The article detailed findings from the District of Columbia’s Board of Ethics and Government Accountability Office, revealing that Lian had not accurately disclosed her outside employment.

“The Post article prompted the City to review Ms. Lian’s most recent annual Financial Disclosure, known as the ‘Virginia State and Local Statement of Economic Interests,’” said Mary Catherine Chase, spokesperson for the City of Falls Church. “Upon review, the City discovered that the former council member listed only Freddie Mac as her employer and did not disclose her employment relationship with the District of Columbia. Following procedures set forth by state code, the City has relayed this information to the Commonwealth’s Attorney for investigation.”

Daniel Gleick, Press Secretary for the District of Columbia’s Department of Buildings, stated, “The Department of Buildings has accepted the employee’s resignation effective immediately, and she is no longer employed by District government. The Department of Buildings is committed to our mission of serving D.C. residents, businesses, and visitors, and will be taking additional steps to ensure that all employees follow required practices.”

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The investigation into Lian’s financial disclosures and outside employment is ongoing.



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