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Easterly Acquires Homeland Security Facility Near Burlington
Easterly Government Properties, Inc. said Thursday it had acquired a 74,549 square foot facility primarily leased to the U.S. Department of Homeland Security (DHS) located near Burlington, VT. DHS – Burlington is a 100% leased build-to-suit facility with a 10-year, non-cancelable lease running through May 2031. Deal terms were not disclosed.
The Level IV secure facility includes support from U.S. Customs and Border Protection, U.S. Immigration and Customs Enforcement and ICE’s Law Enforcement Support Center (LESC). Agents within this facility provide a diverse support system to federal, state, tribal and local law enforcement agencies through LESC’s Enforcement Unit.
“Our acquisition activity continues to enhance our ability to deliver earnings growth to shareholders,” said Darrell Crate, Easterly president & CEO. “With this asset, we continue to increase our cash flows derived from federal agency tenants like the DHS and facilitate operations which remain mission-critical to the safety and security of the United States.”
Photo courtesy of Pizzagalli Properties.
- ◦Sale/Acquisition
