Federal Education Department to Downsize Washington Headquarters, Citing Cost Savings

The U.S. Department of Education (ED) has announced it will relocate from the Lyndon B. Johnson headquarters building in Washington to a smaller premises in the district, citing savings of up to $4.8 million annually in operating costs. The new ED headquarters will be located at 500 D Street SW, with the shift expected to happen in August, according to a March 26 statement from the department. The existing location’s lease will be assumed by the U.S. Department of Energy (DOE), which is moving out of its James V. Forrestal building. DOE’s move to ED’s current location, which is at present roughly 70 percent vacant, is estimated to save more than $350 million in deferred maintenance costs....