FALLS CHURCH, VA — Private equity firm Kiddar Capital has acquired 575 Herndon Pkwy., the landing site for the platform of the WMATA Herndon Silver Line station. The 4.8-acre property is improved by a 135,102 s/f office building primarily occupied by Booz Allen Hamilton. The acquisition by Kiddar’s Real Estate Group was financed by Eagle Bank and brokered by Colliers Int’l.
“This site is at the center of a vibrant community with local leaders committed to bringing new jobs and investment to their jurisdiction. Herndon’s leadership and larger community understand that good infrastructure drives development and economic growth,” said Kiddar Capital founder and CEO Todd Hitt. “We look to invest on new infrastructure whenever possible, and are thrilled about this opportunity to steward the ownership of a metro-centric site in the town of Herndon.”
Herndon includes a downtown Historic District listed on the National Register of Historic Places with shops, restaurants, and plans for a new arts center. Hitt noted that Kiddar Capital is looking forward to contributing to the local economy and community through ownership of the metro site.