The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced the sale of a 128,031-square-foot office building located at 1041 Electric Avenue in Vienna, V.A. to Navy Federal Credit Union.
Situated on nearly five acres, the tree lined independent campus features a three-story office building with a concourse level and ample surface and structured parking. Additionally, the campus provides easy access to Washington D.C., Dunn Loring Metro Station, and Dulles International Airport, and major area highways including Routes 50, 7, and 29 as well as Interstates 66 and 495. Tysons Corner in central Fairfax County is just minutes away featuring a variety of dining and shopping options.
“With its headquarters located across the street, this was the perfect investment for Navy Federal Credit Union to increase its operational efficiencies,” said Igor Derbaremdiker, a Senior Investment Manager for The Hampshire Companies. “The disposition of this asset allowed Hampshire to maximize its profit and achieve objective returns on its investment.”
Scott Frankel and David Ritchey of CBRE Inc., represented The Hampshire Companies in the transaction.
About The Hampshire Companies The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at HampshireRE.com.
R&J Public Relations