The Ezra Company Represents Navy Federal Credit Union In 80,582-Square-Foot Herndon Lease

Nov. 5, 2012 - PRLog -- November 5, 2012 (Washington, D.C.) – Two executives with The Ezra Company have negotiated a more than 80,000-square-foot lease in Northern Virginia for the world’s largest credit union.

The Washington, D.C.-based Ezra Company, one of the leading commercial real estate firms in the nation that exclusively represents tenants, announces today that it has negotiated on behalf of Navy Federal Credit Union in an 80,582-square-foot lease extension at 12851 Worldgate Drive in Herndon.

In this long-term lease, The Ezra Company Principal/Executive Vice President Gene Martin and Senior Vice President Damon Rothman represented Navy Federal Credit Union, which operates its support services at 12851 Worldgate Drive.

“We’re extremely pleased to have completed this deal for Navy Federal Credit Union,” Martin says. “While we thoroughly surveyed the market for our client, staying at its current location ultimately made the most sense, as it would have proved disruptive to move. Navy Federal Credit Union received favorable lease terms, and the landlord is providing additional parking as well as a back-up generator.”

Organized in 1933 with only seven members, Vienna-based Navy Federal Credit Union presently has 4 million members, a work force of over 10,000, a network of more than 220 branches worldwide, and total assets of about $50 billion.

The not-for-profits entity’s membership includes all U.S. Department of Defense (DoD) military personnel, civilians and contractors, other U.S. personnel assigned, or stationed, at DoD installations, and family members.

Oak Brook, Ill.-based Inland American Real Estate Trust owns 12851 Worldgate Drive, which is part of the four-building, 322,325-square-foot complex known as Worldgate Plaza.

About The Ezra Company:

Founded more than 30 years ago, The Ezra Company is the oldest and largest Washington, D.C.-based commercial real estate advisory services firm dedicated solely to representing tenants. Consistently ranked amongst the mid-Atlantic’s top firms, the passionate team of dedicated, experienced Ezra professionals provides clients with conflict-free representation and an unmatched scope of services. With three offices in the Washington, D.C. area, The Ezra Company offers local expertise and a national reach. For more information, please call 202-789-1300 or visit www.ezracompany.com.

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