Cresa brokers Navy Federal’s 100K s/f Vienna, VA office purchase

VIENNA, VA — Cresa’s Gene Sachs, Rich Rhodes and Dan Silverman recently assisted Navy Federal Credit Union (Navy Federal) in its purchase of a vacant 100,000 s/f office building on 9.12 acres in Vienna, from Zalco Commercial in a $12.0 million deal.

Located at 901 Follin Ln., the functionally obsolete property was previously leased to a federal government tenant but has sat vacant for the last six plus years. It sits directly across the street from the Navy Federal’s headquarters and, for the time being, will be used for extra parking. Future plans for the site are still to be determined.

“Flexibility in today’s market is invaluable,” said Navy Federal’s Senior Vice President, Workplace Infrastructure and Logistics, George Eichert. “The acquisition of the property on Follin Lane solves our short-term needs while, at the same time, creates a long-term opportunity for growth. It’s a win-win.”