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GSA NEWS

JUST CLOSED – US GEOLOGICAL SURVEY

08.23.2017

San Diego, CA – August 23, 2017 – The Government Real Estate Group of Cushman & Wakefield announced today the closing of the U.S. Geological Survey (USGS) New Mexico Headquarters and Water Science Center, a 22,478 square foot, build-to-suit facility in Albuquerque, New Mexico that is leased on a long-term basis to the U.S. General Services Administration (GSA) for use by USGS. Featuring a new 20-year lease term, with 10 years firm, the facility features office, laboratory, and warehouse space, and was designed and constructed according to the tenant’s specific requirements. The property was acquired by an institutional fund which focuses on government property acquisitions, and was sold on behalf of a development firm based in the Midwest.

“This facility is unique and essential to the mission of USGS, serving as their headquarters for the state of New Mexico, with highly specialized tenant improvements including lab space for the Water Science Center, and is responsible for oversight of two additional USGS Field Offices within the state,” commented Travis Trautvetter, Vice Chairman of Cushman & Wakefield, who led the transaction team.

About Government Real Estate Group
The Government Real Estate Group (GRE Group) of Cushman & Wakefield is a specialized team focused exclusively on assets leased to government tenants located throughout the United States. GRE Group is the national market leader in investment sales of government properties, with transaction volume exceeding $3.5 billion and closings in 45 states.