Easterly Government Properties Acquires a 35,005 SF U.S. District Courthouse in Newport News, Virginia
23 10월 2023 - 10:00PM
Business Wire
Easterly Government Properties, Inc. (NYSE: DEA), 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 35,005 leased square foot United States District
Courthouse in Newport News, Virginia (“JUD - Newport News”).
The United States District Court, Eastern District of Virginia,
Newport News Division Courthouse is a highly specialized facility
that features 2008 build-to-suit, LEED Certified construction, and
a new 10-year firm term lease extension that does not expire until
2033. JUD - Newport News houses four District Judges, three Senior
District Judges, and three Magistrate Judges, and is responsible
for the cities of Newport News, Hampton, and Williamsburg, and the
counties of York, James City, Gloucester, and Matthews.
Given the highly sensitive operations housed within the
courthouse, JUD - Newport News was constructed according to the
specific requirements of the U.S. courts and U.S. Marshals Service,
meeting strict federal building and security standards, including
isolated prisoner movement, a 50-foot perimeter security setback,
progressive collapse construction, and blast resistant
exteriors.
“The Eastern District of Virginia is derived from one of the
original thirteen judicial districts created by the Judiciary Act
of 1789 and signed into law by President George Washington,” said
William C. Trimble, III, Easterly’s Chief Executive Officer. “The
necessity of this courthouse is imprinted on the very foundation of
our U.S. Government. We believe owning a facility with such a long
and important history is a testament to the stability of our
underlying tenant, the U.S. Government.”
The United States Judiciary is primarily responsible for
adjudicating criminal and civil cases involving federal laws,
including all bankruptcy filings. The Judiciary has three levels of
courts: District Courts, Appellate Courts, and the Supreme Court.
There are 94 U.S. District Courts located throughout the United
States with at least one court in each state, the District of
Columbia and Puerto Rico.
Year to date, Easterly has acquired, either directly or through
the Company’s joint venture (JV), four properties for an aggregate
pro rata contractual purchase price of approximately $80.4 million,
comprised of (i) $62.2 million of wholly owned acquisitions; and
(ii) $18.2 million of JV acquisitions at its pro rata amount. With
this acquisition, Easterly owns, directly or through the JV, 90
properties totaling 8.9 million square feet.
About Easterly Government Properties, Inc.
Easterly Government Properties, Inc. (NYSE:DEA) is based in
Washington, D.C., and focuses primarily on the acquisition,
development and management of Class A commercial properties that
are leased to the U.S. Government. Easterly’s experienced
management team brings specialized insight into the strategy and
needs of mission-critical U.S. Government agencies for properties
leased to such agencies either directly or through the U.S. General
Services Administration (GSA). For further information on the
company and its properties, please visit www.easterlyreit.com.
This press release contains forward-looking statements within
the meaning of federal securities laws and regulations. These
forward-looking statements are identified by their use of terms and
phrases such as “believe,” “expect,” “intend,” “project,”
“anticipate,” “position,” and other similar terms and phrases,
including references to assumptions and forecasts of future
results. Forward-looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties and
other factors which may cause the actual results to differ
materially from those anticipated at the time the forward-looking
statements are made. These risks include, but are not limited to,
those risks and uncertainties associated with our business
described from time to time in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K filed
on February 28, 2023. Although we believe the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, we can give no assurance that the
expectations will be attained or that any deviation will not be
material. All information in this release is as of the date of this
release, and we undertake no obligation to update any
forward-looking statement to conform the statement to actual
results or changes in our expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20231023521976/en/
Easterly Government Properties, Inc. Lindsay S. Winterhalter
Supervisory Vice President, Investor Relations & Operations
202-596-3947 ir@easterlyreit.com
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