Easterly Government Properties to acquire FBI field office in Salt Lake City
Easterly Government Properties announced that it has agreed to acquire a 169,542-square foot Federal Bureau of Investigation Field Office in Salt Lake City, Utah. Strategically located near the Salt Lake City International Airport with convenient access to highway I-80, FBI - Salt Lake City is a state-of-the-art, mission critical facility that was built to the detailed specifications and design standards of the FBI. The FBI has had a presence in Salt Lake City since 1914 and is one of 56 field offices located strategically throughout the United States. These field offices provide regional coverage for the nation's federal criminal investigative body and intelligence agency. This Class A, LEED Gold certified, four-story single tenant facility located on a 7.5-acre campus houses the FBI's Salt Lake City Division, which oversees federal operations in all of Utah, Idaho and Montana. This build-to-suit construction was completed in 2012 and is 100% occupied by the FBI through October 2032 for a total initial, non-cancelable lease term of 20 years. "We feel this accretive acquisition, specifically built for a highly important U.S. Government security organization, serves as a hallmark of the Easterly portfolio," said Darrell Crate, Easterly's chairman. "Stable cash flow, a young, mission-critical building, and U.S. Government tenancy serve as the foundation for a great Easterly acquisition. FBI - Salt Lake City categorically meets these investment criteria."