Easterly Government Properties Acquires 61,384 SF Multi-Tenanted Facility in Cleveland, OH
The National Weather Service (NWS) occupies 15% of the building under an initial 20-year term that does not expire until September 2040.
- The National Weather Service (NWS) occupies 15% of the building under an initial 20-year term that does not expire until September 2040.
- In total, and assuming the VNA exercises its renewal options, the facility is 100% occupied with a weighted average lease expiration of June 2034.
- Pro forma for this acquisition, Easterly has 85 properties totaling 7.7 million square feet.
- 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.