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Sale Falls Through on 201,000 SF Presidents Park I

HERNDON, VA-The 201,000, four-story building known as Presidents Park I will not be home to the World Bank's backup location after all, but the building's high-tech infrastructure is suddenly attracting a list of interested tenants.

By Barbra Murray | Updated on March 12, 2002

HERNDON, VA-Presidents Park I, one of three buildings in the Presidents Park complex, is attracting a list of possible tenants following the World Bank’s decision not to acquire the property for its own use. The 201,000-sf Class A structure at 2545 Horse pen Road was once home to sole tenant WinStar Communications, therefore, Presidents Park I is wired to the gills to handle any company with advanced technical needs.

Following the September 11 tragedy, The World Bank had considered purchasing the building as a back-up location in the event of devastation of its Downtown Washington, DC location by terrorist attack. Despite the bank’s decision to not acquire Presidents Park I, it still gives the building high marks. “We found the building in excellent condition, “World Bank real estate manager Jonathan Lyttle says in a statement. “It was ready for immediate occupancy.”

And it still is. Mike Shuler of Millennium Realty Advisors, owners of Presidents Park I through III, tells GlobeSt.com that many tenants are interested in taking space in the four-story building. “We had some pretty good activity after the news [about the World Bank],” Shuler says. “We’re talking to several large users who are considering 50,000-sf or more.”

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