The US Attorneys Office (USAO), Eastern District of Kentucky is a single-tenant, five-story, 44,717 square foot office building located in downtown Lexington, Kentucky that is leased for a new 15-year term with the United States Federal Government.
The USAO Eastern District of Kentucky has oversight of the 67 easternmost counties within the commonwealth, which has a population of over 2.2 million.
Located in downtown Lexington within five blocks of the US District Courthouse and two blocks from the US Bankruptcy Court, this building provides the U.S. Attorneys with a location in immediate proximity to the federal court facilities, which is an essential requirement for USAO operations. This irreplaceable location creates a strong likelihood of future lease renewals by the tenant, enhancing the current and long-term value of the asset. Additionally, there are 5,201 square feet of vacant space in the building which can accommodate future growth by USAO within the building.
Built-to-suit for the tenant in 2006, according to strict and comprehensive U.S. Department of Justice requirements, USAO has demonstrated their ongoing commitment to this location via a new 15-year lease term through the General Services Administration (GSA). The lease is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investors Service. GSA has a long-standing reputation as a tenant with one of the highest possible renewal probabilities, with historical data published by GSA reflecting a retention rate that typically exceeds 95% across their portfolio of over 8,000 leases nationwide.
As the headquarters for USAO Eastern District of Kentucky, this office oversees other USAO locations within the district, including locations in Ft. Mitchell, London, Ashland, Frankfort, and Pikeville. Divisions within USAO in Lexington include Administrative, Appellate, Civil, and Criminal, with Criminal Division Units for Asset Forfeiture and Special Programs and General Crimes.