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General Services Administration Sells Liberty Loan Building in Washington, D.C.
The General Services Administration has sold the Liberty Loan Building in Washington, D.C., as part of an initiative to reduce the government's real estate footprint. The sale is expected to save taxpayers approximately $14.6 million in deferred maintenance costs and $1.6 million in annual operating expenses. The property attracted significant investor interest due to its location and redevelopment potential.
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The General Services Administration has sold the Liberty Loan Building in Washington, D.C., as part of an initiative to reduce the government's real estate footprint. The sale is expected to save taxpayers approximately $14.6 million in deferred maintenance costs and $1.6 million in annual operating expenses. The property attracted significant investor interest due to its location and redevelopment potential.
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