South Bend Courthouse Has New Owner
The U.S. Bankruptcy Courthouse in South Bend is under new ownership. Washington D.C.-based Easterly Government Properties Inc. (NYSE: DEA) has acquired the building, though financial details of the transaction were not disclosed.
The Robert K. Rodibaugh United States Bankruptcy Courthouse, also known as AOC – South Bend, handles bankruptcy cases for 11 counties. The more than 30,000 square-foot facility is leased to the General Services Administration on behalf of the United States Bankruptcy Court for the Northern District of Indiana.
"We are pleased to further expand our portfolio of U.S. Government leased properties with the acquisition of AOC – South Bend, which serves an important mission for the Northern District of Indiana," said William Trimble, chief executive officer of Easterly Government Properties. "The casework inside these courtrooms is part of America’s legal infrastructure and will forever remain a crucial component to our country’s judicial process."
The Real Estate Investment Trust says the government still has more than 10 years remaining on its 15-year lease. The building was constructed in 1996 and underwent renovations in 2011.