HERNDON, VA-Navy Federal Credit Union has renewed a full-building lease for 80,582 square feet at 12851 Worldgate Dr. The credit union, which provides support services from the Herndon office building, was represented by Ezra Co.’s Gene Martin and Damon Rothman. The asset is part of a four-building, 322,325-square-foot complex called Worldgate Plaza and is owned by Inland American REIT.

The credit union’s lease was expiring, Martin explains. It did an extensive study of the market on the Toll Road and found there were a number of alternatives. To stay in the location, “it received more than a market concession package and the rental rate was below market. The landlord was very competitive on both scores.”

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



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 © 2024 ALM Global, LLC. All Rights Reserved.