Easterly Government Properties, Inc. (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 403,737-square foot U.S. Joint Staff Command (JSC) facility located in Suffolk, Virginia (“JSC - Suffolk”).
JSC - Suffolk is comprised of two modern, Class A buildings 100% leased to the GSA and occupied by the Department of Defense’s (DoD) U.S Joint Staff Command division. The JSC is responsible for the unified strategic direction of U.S. combatant forces. Due to the sensitive nature and importance of JSC’s function in the DoD hierarchy, the U.S. Government has made a significant financial investment in the facility’s infrastructure, ensuring a highly secured and classified work environment.
The two-building facility sits on just over 40 acres and provides nearly 1,200 surface parking spaces for JSC staff and visitors. The facility provides over 10,000 square feet of Secure Compartmented Information Facility (SCIF) space and over 118,000 square feet of specialized cooling and raised floor area for the facility’s data center operations.
“This facility is absolutely mission critical for the operations and well being of our nation,” said William C. Trimble, III, Easterly’s Chief Executive Officer. “Our country is safer because of what happens in this building.”
Under a lease that expires in June 2028, this Level IV Security facility was recently re-leased to the GSA for a firm term of 10 years with an additional five-year option. The facility features state-of-the-art building systems, surveillance capabilities and superior electronic, technology and communication infrastructure. In addition, the facility is well located within a secure DoD campus with a controlled perimeter. The building is also strategically located in close proximity to six major military installations: Norfolk Naval Station, Naval Air Station, Fort Eustis, Naval Weapons Station Yorktown, Newport News Shipyard, and Langley Airforce Base.
About Easterly Government Properties, Inc.
Easterly Government Properties, Inc. (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, 2019. 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.