REBusinessOnline

Easterly Government Acquires 83,676 SF Civic Building in Birmingham

Easterly Government Properties has acquired the U.S. Department of the Treasury facility in Birmingham, which was built in 2014 and is leased to the Treasury until December 2029.

BIRMINGHAM, ALA. — Easterly Government Properties Inc., a real estate investment trust focused on the acquisition, development and management of Class A commercial properties leased to the U.S. government, has acquired the 83,676-square foot U.S. Department of the Treasury facility in Birmingham. Known as TREAS-Birmingham, the property is a three-story, Class A build-to-suit facility that was constructed in 2014. The building is 100 percent leased to the Treasury on an initial 15-year, non-cancelable term expiring in December 2029. The sales price and seller were not disclosed.

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