Easterly Government Properties (DEA) said Tuesday it acquired a 289,873 square foot facility in Northeast Washington, DC, that is 98% leased primarily to the District of Columbia government.
The District of Columbia government recently extended its lease through 2038, with an option to renew for an additional five years at fair market rent, the company said.
The facility houses key District services, including the headquarters of DC Public Schools and the Department of Energy & Environment.
Shares of Easterly Government Properties were down more than 3% in recent trading.
Price: 20.24, Change: -0.68, Percent Change: -3.23
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