FDIC to Consolidate Northern Virginia Offices

The Federal Deposit Insurance Corp. announced plans to bring 600 of its employees closer to its Arlington, Va., headquarters, taking advantage of a building steps away left vacant when the Defense Advanced Research Projects Agency moved to a new Arlington location in 2012.

The independent banking regulator, which owns its main building in Arlington’s Virginia Square neighborhood, signed a 10-year lease starting in 2015 for 171,000 square feet of office space, FDIC spokesman David Barr confirmed to Government Executive. The change – set to take effect in April 2015 -- will allow the agency to discontinue a shuttle bus service it has been providing for staff housed at a building in Arlington’s Courthouse neighborhood, where a lease will expire in the next couple of years.

All the buildings involved are near Metro.

(Image via Christina Richards/Shutterstock.com)