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Easterly Government Properties buys FBI facility in New Orleans

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Easterly Government Properties buys FBI facility in New Orleans

Easterly Government Properties Inc. acquired a four-story office building leased to the Federal Bureau of Investigation in New Orleans.

The 137,679-square-foot, single-tenant facility, which serves as a field office for the federal agency, carries a noncancelable remaining lease term of 10 years, with the FBI having an option to renew the lease for an additional 10 years.

The office real estate investment trust also sold its 59,322-square-foot facility in Chula Vista, Calif., that is leased entirely to the U.S. Customs and Border Protection. The tenant recently renewed its lease at the property for a 10-year term.