The General Services Administration is seeking a new contract with a private sector company to manage and operate the International Trade Center at the Ronald Reagan Building.
The GSA on Tuesday issued a request for proposals to operate the ITC’s 500,000 square feet of mixed-use space within the larger 4 million-square-foot Reagan Building at 1300 Pennsylvania Ave. NW. While it would still be owned by the GSA, the new leaseholder would control the conference and events center, private sector offices, food court, restaurant, cafes, parking garage and common areas.
The release of the RFP comes three months after TCMA sued the GSA in an effort to keep the public from learning how much it’s charging companies to lease space in the building. TCMA’s 2008 contract, reportedly valued at more than $200 million, ends in 2018 and TCMA argues that disclosing the leasing costs will cost the company its competitive edge.
Click here to read the rest of the article written by Michael Dresser over at Capital Gazette