DRS Johnstown

On behalf of the Owner, JLL is pleased to present this offering for the sale of DRS Johnstown (the “Property”), a 129,716 square foot light industrial building that is 100% leased to DRS Technologies, Inc. (“DRS”, or the “Tenant”). DRS is a leading technology company focused on developing advanced electronic systems, technologies, and services for the military, intelligence, and industrial markets. This location supports their Naval Electronics business line, which assembles and produces specialized equipment for the Navy. DRS has invested significant capital into the Property to provide the necessary equipment, resources, and climate-control functionality to assemble, manufacture, and store their specialized products.

DRS has 5 years remaining on their modified triple net lease, and they have two (2) 5-year options remaining. DRS has been in occupancy since the building’s construction in 1999, and they have renewed their lease three (3) times since their original lease expiration in 2010.