SARASOTA, Fla., June 20, 2017 (GLOBE NEWSWIRE) — HC Government Realty Trust Inc. (“HCGRT” or “the Company”), today announced that it has entered into a definitive agreement to acquire its latest U.S General Services Administration (“GSA”)-leased commercial property. The new property, the first acquired by the Company in the State of Alabama, is a U.S. Citizenship and Immigration Services (CIS) field office located in Montgomery.
p align=”justify”>The tenant currently occupies 16,036 sq. ft. out of the total 21,116 sq. ft. available in the single-story property. It is anticipated the tenant will take occupancy of the remaining 5,080 sq. ft. in the next 12-18 months. It is located at 3381 Atlanta Highway, Montgomery, Alabama, and was purchased from Cushman & Wakefield. The property is 100% leased to the United States of America through December 2031. The CIS Montgomery office currently serves as the USCIS headquarters for the entire State of Alabama. The aggregate purchase price of the property is approximately $4.8 million and closing of the transaction is scheduled on or about July 30, 2017. As with all GSA properties, the lease is backed by the full faith and credit obligation of the United States of America.
“CIS Montgomery, the first in the State of Alabama, is the latest example of the many GSA properties that we have identified that fits the requirements of our asset acquisition program. Serving as the HQ for the entire State of Alabama and having recently been renovated and secured under a new 15-year lease, CIS Montgomery has all the elements which make it an attractive and valuable addition to our growing portfolio,” said Edwin M. Stanton, Chief …