Washington – easterly government property Inc. (NYSE:), a real estate investment trust specializing in properties leased to the U.S. government, has signed a 20-year lease to develop a federal courthouse in Flagstaff, Arizona. The new facility, named JUD – Flagstaff, will be the company's first net-zero development, aligning with the company's environmental, social and governance (ESG) goals.

The planned three-story courthouse is designed to meet Level III security standards and features a steel frame and natural stone exterior. It incorporates crime prevention through environmental design (CPTED) principles and incorporates a range of safety features, including perimeter fencing and security measures to separate different groups within the building.

Darrell Crate, Easterly's chief executive officer, expressed enthusiasm about the partnership with the U.S. government and highlighted the company's expertise in developing specialty market properties.

The project is expected to begin site work in late 2024 or early 2025 and be completed in early 2026. Following delivery, a new 20-year term lease will begin with the General Services Administration for the U.S. Department of Justice.

The courthouse aims to achieve LEED Silver certification and will be built as a net-zero facility, a significant milestone for Easterly's portfolio. This commitment to sustainability is part of the company's broader ESG mission.

Easterly Government Properties, based in Washington, D.C., has a portfolio of Class A commercial properties primarily leased through the U.S. General Services Administration. The company's management team specializes in the strategic and operational needs of mission-critical U.S. government agencies.

This news is based on a statement in a press release.

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