Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HERNDON, VA-The US Department of the Interior’s Bureau of Indian Affairs has signed on to occupy nearly 61,000 sf in the Corporate Oaks One building. The Bureau committed to a 10-year lease agreement with property manager Metro Management Services LLC, which acted on behalf of property owner NVCommercial. Financial terms of the deal have not been released, but according to Delata Associates, the average effective lease rate for space in the Reston/Herndon office market is $22.25 per-sf.

Located in the heart of the Dulles Corridor, Corporate Oaks One carries the address of 625 Herndon Parkway and sits near its 80,000-sf sister property, Corporate Oaks Two. NVCommercial developed the two-story structure in 1985 and conducted a major renovation of the building in 1999, bringing it up to date as far as high-tech accommodations are concerned. The space had previously served as home to VeriSign until the company vacated the offices last December.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.