Easterly Government Properties' Veteran Affairs Outpatient Clinic in San Jose, CA.
CHICO, CA – Easterly Government Properties Inc. has purchased a Department of Veterans Affairs outpatient clinic in Chico, California.
The 51,647-square-foot clinic is part of the Northern California Health Care System and houses the largest state veteran population in the country.
Completed in mid-2019, the new, build-to-suit facility is designed to achieve a LEED healthcare Silver certification. The asset is located adjacent to the Chico Veterans Affairs Readjustment Counseling Service Center.
The space is leased to the Veterans Affairs for an initial, non-cancelable, 15-year lease term, through June 2034. The clinic offers a range of medical and ancillary services, such as primary care, audiology, laboratory services, metal health, nutrition, otolaryngology, a pharmacy, social work and women's health.
With the recent acquisition, Easterly Government Properties continues to purchase a pipeline of assets backed by the US Government.
Easterly Government Properties Inc. is a fully-integrated real estate investment trust that specializes in acquiring, developing and managing class-A commercial properties which are leased to the US government.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
