- Easterly Government Properties ( NYSE: DEA ) said Wednesday it acquired a 28.9K leased sq. ft. U.S. District courthouse in Council Bluffs, Iowa.
- The courthouse is a build-to-suit facility that is 100% leased to the General Services Administration on behalf of the U.S. District Court under a 20-year non-cancelable lease that will expire in 2041.
- The lease also features two five-year renewal options that, if exercised, will extend the lease till 2051.
- Year to date,
- DEA acquired, either directly or through its joint venture, six properties for pro rata contractual purchase price of ~$179.1M YTD.
- With the acquisition of the courthouse in Council Bluffs, DEA owns 95 properties totaling 9.1M sq. ft.
For further details see:
Easterly Government Properties acquires district courthouse in Iowa