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GEO Group Goes Under Contract on 770-Bed San Diego Detention Facility - Connect CRE
The GEO Group, Inc. has entered into a purchase agreement with SDCC Middle Block, LLC, an affiliate of Holland Partners Group, to acquire the 770-bed Western Region Detention Facility located in San Diego for $60 million. GEO currently leases the San Diego Facility for approximately $5.1 million annually and has a contract with the U.S. Marshals Service for the exclusive use of the San Diego Facility. The purchase of the San Diego facility is ex…
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