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Navy Federal Credit Union renews lease in Herndon

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The Navy Federal Credit Union has agreed to an 80,582-square-foot lease extension at 12851 Worldgate Drive in Herndon. The office space is part of the four-building, 322,325-square-foot complex known as Worldgate Plaza.

Gene Martin, a principal and executive vice president with the Washingon, D.C.-based Ezra Co., and Damon Rothman, a senior vice president, represented the credit union in the long-term lease transaction.

“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,” Martin said in a statement. “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 seven members, Vienna-based Navy Federal Credit Union is the world’s largest retail credit union with 4 million members, a work force of more than 10,000, a network of 220 branches worldwide and total assets of about $50 billion.

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