Navy Federal Credit Union renews lease in Herndon
The Navy Federal Credit Union has renewed its 80,582-square-foot lease at Worldgate Plaza II in Herndon.
The credit union has been a tenant at 12851 Worldgate Drive for 10 years. The lease was one of the largest real estate transactions in the fourth quarter of 2016, according to Colliers International.
“While Navy Federal Credit Union continues to expand and construct its own facilities, they value their office at Worldgate Plaza II because of its location near the future Herndon Metro Station, quality facilities and competitive pricing,” said David Gast, executive vice president at Colliers, who represented builder owner InvenTrust Properties in the lease negotiations.
Navy Federal Credit Union has several expansion plans of its own, including its Vienna headquarters and the expansion of an operations center in Winchester.
Worldgate Plaza II is part of a four-building, Class-A office complex that fronts the Dulles Toll Road.