Benzinga | Mar 19, 2021 07:08AM EDT

Easterly Government Properties Acquires Portfolio Of Three US Government Properties; Financial Terms Not Disclosed

Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has acquired a 176,550 leased square foot portfolio of three U.S. Government-leased properties. The three-building portfolio is comprised of:

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FBI - Knoxville is a 99,130 leased square foot LEED Certified build-to-suit property completed in 2010 and leased until August 2025 for an initial 15-year term (Photo: Business Wire)

* Federal Bureau of Investigation (FBI) field office in Knoxville, Tennessee ("FBI - Knoxville")

* U.S. Attorney's Office (USAO) facility in Louisville, Kentucky ("USAO - Louisville")

* U.S. Immigration and Customs Enforcement (ICE) office in Louisville, Kentucky ("ICE - Louisville") "This was a wonderful acquisition opportunity for Easterly," said William C. Trimble, III, Easterly's Chief Executive Officer. "We are able to grow the Company's total enterprise through the purchase of an attractive portfolio of three LEED Certified, build-to-suit mission critical facilities with first generation leases. We are delighted to welcome these important, bullseye facilities into our growing portfolio."