Forcepoint Federal Leases 46,397-Square-Foot Space At Monument II, Herndon VA
LEASED
+ 1
Virginia
See Similar DealsCommercial46,397 SF
Leased 05/14/2019
LEASED
Forcepoint Federal Leases 46,397-Square-Foot Space At Monument II, Herndon VA
12950 Worldgate Dr, Herndon, VA, 20...
See Similar DealsCommercial46,397 SF
Leased 05/14/2019
+ 1
Summary
VIRGINIA
Asset Type:Commercial
Price Per Square Foot:$0
Total Square Footage:46,397 SF
Transaction Type:Lease
The property involved in the lease transaction is Monument II, located at 12950 Worldgate Dr, Herndon, VA. The asset spans 46,397 square feet within the Herndon market. Washington REIT, the landlord, acquired the property in 2007 for $78.2 million, as per Yardi Matrix data.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Tenant: Forcepoint Federal
- Square Feet: 46,397
- Tenant's Rep: Nate Krill(JLL), Will Harrison(JLL)
- Landlord's Rep: Scott Rabin(), Todd McManus(Klnb)
The lease deal was facilitated by Partner & Regional Director Scott Rabin and Vice President Todd McManus from EDGE Commercial Real Estate as the landlord's representatives. Furthermore, Principals Nate Krill and Will Harrison of Avison Young served as the tenant's representatives in the transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,659,448.04
Total Lease Value
$26,594,480.42
Net Landlord Cash Flow$2,659,448.04
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