WASHINGTON–(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
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
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. (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, 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.
Easterly Government Properties, Inc.
Lindsay S. Winterhalter
President, Investor Relations & Operations