Easterly Government Properties acquires Treasury facility in Alabama
Easterly Government Properties announced that it has acquired an 83,676-square foot U.S. Department of the Treasury facility in Birmingham, Alabama. TREAS - Birmingham, as part of the Bureau of Fiscal Service, is a modern, Class A build-to-suit facility constructed in 2014 and 100% leased to the Treasury through the General Services Administration. This first-generation leased facility features three stories and resides on a nearly four-acre site. The property is leased for an initial 15-year, non-cancelable term that expires in December of 2029. This facility houses the Treasury's Debt Management Services Operation Center, which falls under the supervision of the Treasury's Financial Management Service. This service is responsible for the highly important mission of collecting the Government's non-tax receivables and debt collection activities. As such, the building is equipped with numerous security features such as wedge barriers, controlled access with 24/7 monitoring and secure perimeter fencing. The building also helps fulfill the agency's mission by providing for triple redundancy through multiple generators, housing an extended-hours call center and providing raised flooring to accommodate the tenant's comprehensive Information Technology requirements.