Easterly Government Properties Acquires 138,000 SF FBI Field Office in Tampa, Florida
WASHINGTON, D.C. – May 19, 2022 – Easterly Government Properties, Inc. (NYSE: DEA), a
fully integrated real estate investment trust focused primarily on the acquisition, development and
management of Class A commercial properties leased to U.S. Government agencies, announced
today that it has acquired a 138,000 leased square foot Federal Bureau of Investigation (FBI) field
office in Tampa, Florida (“FBI - Tampa”).
FBI - Tampa is a four-story office building located on a roughly seven-acre site that houses the
FBI’s Tampa field office, which oversees federal operations across 18 counties through six
satellite offices in Brevard, Fort Myers, Lakeland, Orlando, Pinellas, and Sarasota. This build-tosuit property was completed in 2005 and is 100% leased to the General Services Administration
(GSA) for the beneficial use of the FBI until November 2040.
Serving under the jurisdiction of the Department of Justice, the FBI provides primary domestic
intelligence, investigative and law enforcement services on behalf of the United States. The FBI
protects and defends the nation against such threats as terrorism, political corruption, white-collar
crime, organized crime, cyber-attack and violent crime. As a member of the U.S. Intelligence
Community and the leading arm for U.S. counterterrorism, counterintelligence, and criminal
investigations, the FBI employs approximately 35,000 people and has an annual budget totaling
approximately $10.5 billion, based on fiscal year 2021 data.
The FBI - Tampa field office is enhanced by a number of security features, including but not limited
to perimeter fencing, controlled access, blast protection, security setbacks, vehicle barriers,
magnetometers and SCIF space.
“With an investment strategy that has not wavered since IPO, Easterly is pleased to continue its
partnership with the FBI, the second largest tenant in our portfolio,” said William C. Trimble, III,
Easterly’s Chief Executive Officer. “With this important acquisition, Easterly now owns 13 of 56
highly specialized, mission critical FBI field offices strategically located throughout the country.”
Easterly Government Properties remains the single largest private owner of FBI field offices in
the country.
Year to date, Easterly has acquired, either directly or through its previously announced joint
venture (JV), three properties for an aggregate pro rata contractual purchase price of
approximately $114.7 million, comprised of (i) $92.7 million of the wholly owned acquisition target
of $200.0 - $250.0 million; and (ii) $22.0 million of the pro rata joint venture acquisition target of
$145.0 million. Following the acquisition of FBI - Tampa, Easterly owns, directly or through the
JV, 92 properties totaling 8.9 million square feet.
Easterly Government Properties, Inc.
Symbol: DEA
CIK: 1622194
Exchange: NYSE
Founded: 2014 (10 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office
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Last updated: 2024-05-14 - v1.3