|
|
Realty Asset Management manages the disposition of real property that has been declared excess to operational requirements. Facilities managers led the Optimization initiative to review the existing postal-owned and leased facilities to identify excess space — properties that could be sold or leases that could be cancelled. Approximately 164 optimization studies were conducted. The sale of the Old Chicago MPO was concluded October 21, 2009. After payment of commissions it will net $23.8 million. This closes the book on an effort that began in 1996 to sell this facility. In 2009, Facilities generated $134.5 million in Asset Management Revenue.
Facility Projects
Projects
|
Completed in 2009
|
Ongoing
|
New construction, major renovations, and expansions less that $25 million
|
30
|
140
|
New construction, major renovations, and expansions greater that $25 million
|
2
|
9
|
Building purchases
|
11
|
4
|
New lease construction
|
8
|
44
|
Other lease actions (alternate quarters, new leases, and lease renewals)
|
3,645
|
2,416
|
Expense repair and alteration projects
|
2,112
|
1,772
|
Capital repair and alteration projects
|
4,881
|
18,490
|
Real Estate Inventory
Inventory
|
End of Year
|
Total owned properties
|
8,419
|
Total owned interior square feet
|
199,962,506
|
Total owned land in square feet
|
904,237,146
|
Total leased properties
|
24,516
|
Total leased interior square feet
|
90,319,236
|
Total GSA/other government properties
|
329
|
Total GSA/other government interior square feet
|
2,254,245
|
|
|
