VIENNA, VA—Navy Federal Credit Union announced it would expand its headquarters campus here, adding 600 new employees to the completed facilities. Its estimated investment will be $114.6 million.
The credit union will build a new, four-story 234,000-square foot office building and parking deck on a 10.8-acre site. Also, an elevated walkway will connect the new building to the rest of the campus.
The Fairfax County Economic Development Authority worked with the Virginia Economic Development Partnership to secure the project for Virginia. The Commonwealth provided a $1 million Governor's Opportunity Fund grant.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
