HERNDON, VA – Joint-venture partners, Arch Street Capital Advisors and VEREIT, have acquired the Herndon, VA office asset, 12975 Worldgate Centre.
The property serves as the global headquarters for Peraton, which occupies 100% of the asset.
"The Peraton global headquarters property is an impressive asset and VEREIT is pleased to have completed this transaction to enhance the office partnership portfolio," says VEREIT EVP and chief investment officer, Thomas W. Roberts. "VEREIT's team, in partnership with Arch Street Capital, looks forward to further strengthening the portfolio through future acquisitions."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
