Easterly Government Properties Acquires DHS-Occupied Facility in Atlanta

Easterly Government Properties, a leading real estate investment trust focused on Class A commercial properties leased to the U.S. Government, has announced the acquisition of a facility primarily occupied by two branches of the U.S. Department of Homeland Security (DHS) in Atlanta, Georgia. The 97,969 square foot facility, known as DHS – Atlanta, is strategically located near the Hartsfield-Jackson Atlanta International Airport, providing a significant advantage for its government tenants.

The facility, which underwent an extensive renovation in 2023, is currently 93% leased and occupied by the Transportation Security Administration (TSA) and U.S. Customs and Border Protection (CBP). The leases signed by both tenants extend up to 15 years, ensuring long-term occupancy through 2038. The TSA occupies 44,075 square feet, while the CBP occupies 29,737 square feet. Additionally, a private tenant occupies 17,373 square feet within the facility.

“We are thrilled to expand our portfolio with this important U.S. Government-backed asset,” said William C. Trimble III, CEO of Easterly Government Properties. “As the acquisition market normalizes, we remain committed to delivering growth and value to our shareholders in the coming quarters.”

Easterly’s acquisition value was based on the current leased square footage of the property. The DHS – Atlanta facility also has an additional 6,784 square feet available for future leasing, presenting potential opportunities for further growth.

With this recent acquisition, Easterly now owns a total of 89 properties, totaling 8.8 million square feet, either directly or through joint ventures. The company’s focus on Class A commercial properties leased to the U.S. Government demonstrates its commitment to providing mission-critical real estate solutions for government agencies.

For more information about Easterly Government Properties and its portfolio of properties, please visit www.easterlyreit.com.