United States Postal Service Dispositions

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Explore:  GSA

Real Estate Opportunities
"The Postal Service operates vast and complex mail processing, transportation and retail networks. Its legacy network includes over 500 mail processing facilities and over 35,000 retail post office locations. But these networks were built for a different time; capacity in the legacy networks now greatly exceeds demand." - www.USPS.com – Network Realignment Plan

The Postal Service has launched an aggressive plan to close several hundred of its large postal processing facilities and to reduce its retail post office network in response to substantial declines in mail volume.

The Postal Service’s nation-wide optimization plans create significant opportunities for real estate investment and development projects, including asset acquisition, development, conversion and construction, and public/private partnerships. The Postal Service has sought sound private sector advice in the management of these complex dispositions in an effort to streamline and facilitate the numerous logistics in connection with this initiative.

In addition, the General Services Administration (GSA), which manages the development, leasing and disposition of Federal property, is developing highly innovative approaches to the Federal government’s real estate requirements, including exchanges, public/private partnerships, and sale/leaseback transactions, to better utilize or dispose of a wide variety of excess properties. GSA owns or leases approximately 9,500 real estate assets comprising approximately 375 million square feet.

 

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GSA

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© K&L Gates LLP | Attorney Advertising

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