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California  + San Diego  + Office  | 

Easterly Sells Chula Vista U.S. Customs & Border Protection Facility

Washington, D.C.-based Easterly Government Properties, Inc. sold a 59,322-square-foot U.S. Customs and Border Protection (CBP) facility located in Chula Vista, CA. Constructed in 1998, CBP – Chula Vista is a build-to-suit property that serves as the San Diego Sector Headquarters. The buyer and sales price were undisclosed.

The facility covers all of San Diego County, and oversees eight CBP stations in various submarkets for total coverage of 7,000 square miles. The facility is 100% occupied by CBP, and the lease was recently renewed for a 10-year term, expiring in 2028.

Easterly’s William C. Trimble, III says, “CBP – Chula Vista was acquired as part of our formation transactions at the time of our initial public offering. With a recently executed lease renewal, we were well poised to earn an attractive yield on this disposition while simultaneously lowering the average age of the company’s overall portfolio.”

For comments, questions or concerns, please contact Dennis Kaiser

Connect

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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