LAKEWOOD, CO—Easterly Government Properties,Inc. has closed on the acquisition of the 115,650-squarefoot government building here for $20.25 million. TheDepartment of Energy (DOE) Western AreaPower Administration (WAPA) headquarters building isEasterly's first acquisition since the close of its $207 millioninitial public offering on February 11.

Easterly Government Properties focuses on the acquisition,development and management of class A commercial properties thatare leased to the US government. Easterly now wholly ownsapproximately 2.2 million square feet of office, laboratory andspecialized space in 30 properties throughout the US Currently, itleases more than 1.9 million square feet to US government agencies,and derives more than 96% of its income from its US governmenttenants. The new acquisition represents the company's second assetin Lakewood, a major federal agency center in the RockyMountain region, joining another Lakewood buildingoccupied by agencies of the US Department of Transportation.

“The Lakewood WAPA office plays a critical role within theDepartment of Energy, and we are pleased to add this property toour high-quality portfolio of U.S. government-leased assets,” saidWilliam Trimble, chief executive officer ofEasterly Government Properties. “The Lakewood WAPA's role ofmarketing and delivering clean, renewable and reliable powerdirectly aligns with our strategy of partnering with the federalgovernment to support mission-critical government agencies andfunctions.”