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Navy Federal Credit Union Extends Herndon Lease

Two executives with The Ezra Company have negotiated a more than 80,000-square-foot lease in Northern Virginia for the world’s largest credit union.

The Washington, D.C.-based Ezra Company, one of the leading

commercial real estate firms in the nation that exclusively represents

tenants, has negotiated on behalf of Navy Federal Credit Union in an 80,582-square-foot lease extension at 12851 Worldgate Drive in Herndon.

In this long-term lease, The Ezra Company Principal/Executive Vice

President Gene Martin and Senior Vice President Damon Rothman

represented Navy Federal Credit Union, which operates its support

services at 12851 Worldgate Drive.

Martin expressed his enthusiasm in completing the deal for the Navy Federal Credit Union and stated that remaining at its current location was the best choice. In addition, the landlord provided favorable lease terms, additional parking and a back-up generator to the Navy Federal Credit Union.

Organized in 1933 with only seven members, Vienna-based Navy Federal

Credit Union presently has 4 million members, a work force of over 10,000,

a network of more than 220 branches worldwide and total assets of about

$50 billion.

The not-for-profits entity’s membership includes all U.S. Department

of Defense (DoD) military personnel, civilians and contractors, other

U.S. personnel assigned, or stationed, at DoD installations, and family

members.

Oak Brook, Ill.-based Inland American Real Estate Trust owns 12851

Worldgate Drive, which is part of the four-building, 322,325-square-foot

complex known as Worldgate Plaza.

With three offices in the Washington, D.C. area, The Ezra Company offers local expertise and a national reach. For more information, call 202-789-1300 or visit www.ezracompany.com.