U.S. Courts
Newport News, VA
Unstated
Unstated
Unstated
10 Years
100%
37,950 SQ FT
Office
2008
0.96 Acres
Sold
U.S. GOVERNMENT CREDIT
Lease guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating and unrivaled income security
NEW 10-YEAR FIRM TERM – 2023 LEASE RENEWAL
New 10-year firm, non-cancellable lease term with the U.S. General Services Administration via a lease renewal in June 2023
HIGHLY SPECIALIZED, BUILD-TO-SUIT FEDERAL COURTHOUSE
2008 build-to-suit construction developed according to the specific requirements of U.S. Courts and U.S. Marshals Service, meeting strict federal building and security standards, including isolated prisoner movement, 50-foot perimeter security setbacks, progressive collapse, and blast resistance
GSA DESIGN EXCELLENCE PROGRAM & LEED CERTIFICATION
Developed under the U.S. General Services Administration Design Excellence program; constructed with a focus on sustainability and efficiency to achieve LEED certification
ESSENTIAL FACILUTY FOR U.S. COURTS
The Newport News Division of the U.S. Courts Eastern District of Virginia houses four District Judges, three Senior District Judges, and three Magistrate Judges, and is responsible for the cities of Newport News, Hampton, and Williamsburg, and the counties of York, James City, Gloucester, and Mathews
WATERFRONT LOCATION
Located along the James River waterfront in downtown Newport News, Virginia, featuring exceptional river views from judge’s chambers and situated in immediate proximity to the Newport News Circuit Court (City), the Newport News Juvenile Court (City), the Newport News Magistrates (City Courthouse), Newport News City Hall, and a variety of additional government services and facilities
The United States District Court, Eastern District of Virginia, Newport News Division Courthouse is a highly specialized and essential facility that features 2008 build-to-suit, LEED Certified construction, and a new 10-year firm lease term with the U.S. Federal Government.
The U.S. Courthouse in Newport News is comprised of 37,950 square feet of highly specialized improvements, developed according to the specific requirements of the U.S. Courts and U.S. Marshals Service. This facility meets strict federal building and security standards, with features that include isolated prisoner movement, 50-foot perimeter security setbacks, progressive collapse, and blast resistance. The Newport News Division houses four District Judges, three Senior District Judges, and three Magistrate Judges, and is responsible for the cities of Newport News, Hampton, and Williamsburg, and the counties of York, James City, Gloucester, and Mathews. The project was developed under the U.S. General Services Administration Design Excellence program; constructed with a focus on sustainability and efficiency to achieve LEED certification.
The subject property is 100% leased for a new 10-year firm, non-cancellable term with the U.S. General Services Administration (GSA) via a lease renewal commencing in January 2023. The lease is guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating from Moody’s Investor Services and unrivaled income security. The GSA has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry, with historical data reflecting a retention rate that typically exceeds 95% across the GSA’s portfolio of over 8,000 leases nationwide.
Located along the James River waterfront in downtown Newport News, Virginia, this U.S. Courthouse facility features exceptional river views from judge’s chambers and is situated in immediate proximity to the Newport News Circuit Court (City), the Newport News Juvenile Court (City), the Newport News Magistrates (City Courthouse), Newport News City Hall, and a variety of additional government services and facilities.
