U.S. General Services Administration List Atlanta Office Tower

The Peachtree Summit federal building in downtown Atlanta is up for grabs, offering a potential anchor for revitalization in one of the city’s less vibrant districts.

The 800,000-square-foot, triangular tower, located near the Civic Center MARTA station and the Downtown Connector at 401 West Peachtree Street Northwest, is one of eight buildings listed for “accelerated disposition” by the U.S. General Services Administration, the Atlanta Business Chronicle reported.

It’s part of a smaller, refined list following the agency’s controversial release — and quick retraction — of over 400 federally owned properties earlier this month.

It was flagged for potential sale before the Trump administration and is now part of a more targeted effort by the Department of General Services to shrink the federal footprint and cut costs tied to underused, aging or high-maintenance properties.

The building is home to multiple agencies, including the Internal Revenue Service, Social Security Administration, U.S. Citizenship and Immigration Services and the GSA itself. According to prior data, it is more than 30 percent vacant. As with other properties on the shortlist, the GSA says a sale wouldn’t necessarily mean agency relocations — it could involve a sale-leaseback scenario, depending on the buyer’s intent.

The area around Peachtree Summit has seen less development than other parts of downtown.

Planned infrastructure like The Stitch, a major highway-capping green space project, is expected to spur activity in the area, though construction isn’t expected to start until after the 2026 FIFA World Cup.

The listing also arrives amid a broader wave of distress in downtown Atlanta’s office market. Nearby properties such as 55 Allen Plaza and the Hilton Atlanta have recently gone into foreclosure or been handed back to lenders.

How Peachtree Summit is repositioned — whether through adaptive reuse, redevelopment or a long-term leaseback — may serve as a litmus test for how cities and private investors handle the growing inventory of disposed federal buildings.

— Judah Duke