WASHINGTON–(BUSINESS WIRE) – 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 real estate that were leased to the United States The government announced today that it has acquired 43,600 square feet of rented space from the US Attorney’s Office (USAO) in Springfield, Illinois (“USAO – Springfield”).
USAO – Springfield, a three-story, bespoke construction for the U.S. Department of Justice’s Department of Justice for the Central District of Illinois, was built in 2002 and is 100% leased to the General Services Administration (GSA) on behalf of the USAO on a 20-year basis Lease that does not expire until March 2038.
USAO – Springfield, conveniently located on the same block as the United States District Courthouse, serves as the headquarters of the USAO’s Central Division of Illinois with subsidiary offices in Peoria, Rock Island, and Urbana. The district includes 46 of the 102 counties in the state of Illinois.
“Optimally located on the same block as the US District Court, this bespoke facility is the latest addition to Easterly’s growing portfolio of assets backed by the full trust and credit of the US government,” said William C. Trimble, III , Chiefly Officer of Easterly. “Easterly continues to make significant strides in executing its acquisition guidance of $ 200 million in 2021.”
This office is responsible for prosecuting federal crimes committed within the district, including crimes such as terrorism, child exploitation, violent crimes, financial fraud, human trafficking, and public corruption. The office also defends the United States in civil lawsuits seeking to recover assets from fraud against the United States. Due to the sensitivity of law enforcement, in which the US attorneys are actively involved, USAO – Springfield was designed as a highly secure building.
About Easterly Government Properties, Inc.
Easterly Government Properties, Inc. (NYSE: DEA) is headquartered in Washington, DC and is primarily focused on the acquisition, development and management of Class A commercial real estate for rent to the US Government. Easterly’s experienced management team offers specific insights into the strategy and needs of mission-critical US government agencies for real estate rented through the US General Services Administration (GSA). More information about the company and its properties can be found at 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 the use of terms and expressions such as “believe,” “expect,” “intend,” “project,” “anticipate,” “position” and other similar terms and expressions, including references to assumptions and projections future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that could cause 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, the risks and uncertainties relating to our business that are described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10 filed on February 24, 2021 -K As the expectations contained in such forward-looking statements are based on reasonable assumptions, we cannot guarantee that the expectations will be met or that deviations will not be material. All information in this press release is as of the date of this press release. We do not assume any obligation to update forward-looking statements in order to align them with actual results or changes in our expectations.