Tritower Financial Group Acquires Property In Herndon For $61.5 Million With Broker James Cassidy

Tritower Financial Group has acquired One Global View, a Class A office building situated at 2550 Wasser Terrace in Herndon, VA. The property comprises 217,088 square feet and was sold for $61.5 million. The nine-story asset features column-free floorplates, a fitness center, an on-site cafeteria, and adjacent structured parking, enhancing its operational efficiency. The building is recognized as ENERGY STAR-certified and is currently 87 percent leased, with Airbus Group as the anchor tenant occupying 58 percent of the space.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: $61,500,000.00
• Address: 2550 Wasser Terrace, Herndon, VA
• Market: Herndon
• Square Footage: 217088
• Selling Agent: James Cassidy, Newmark
• Buyer: Tritower Financial Group
• Leasing Status: 87% leased
• Anchor Tenant: Airbus Group (58% occupancy)

NKF Capital Markets’ Executive Managing Directors Jud Ryan and James Cassidy represented PGIM Real Estate in the sale. Ryan remarked on the growing investor demand for properties near current and future Metrorail stations, suggesting that these assets are experiencing rapid appreciation due to nearby economic development opportunities. Tritower Financial Group previously disposed of the Amazon Robotics headquarters located in North Reading, Massachusetts.