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The Hampshire Cos. sells 128,031 sq. ft. office space in Virginia to Navy Federal Credit Union

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Private real estate investment firm, The Hampshire Companies, announced Friday it has sold a 128,031-square-foot office building in Vienna, Va. to the Navy Federal Credit Union.

According to the announcement, the property, part of a 5-acre independent campus, features a three-story office building that is easily accessible to Washington, D.C., Dunn Loring Metro Station, and Dulles International Airport.
 
“With its headquarters located across the street, this was the perfect investment for Navy Federal Credit Union to increase its operational efficiencies,” Igor Derbaremdiker, senior investment manager for Hampshire, said in a prepared statement. “The disposition of this asset allowed Hampshire to maximize its profit and achieve objective returns on its investments.”
 
Scott Frankel and David Ritchey of CBRE Inc., represented Hampshire in the transaction.  Financial terms were not disclosed.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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