Peterson Cos. begins work on 150,000-square-foot office building at Fairfax Corner
The Peterson Cos. has broken ground on a six-story, 150,000-square-foot Class A office building at Fairfax Corner, a mixed-use development in Fairfax. The new building will serve as the corporate headquarters for Apple Federal Credit Union.
Started in 1956 by teachers, Apple FCU has grown into a $2.1 billion asset, member-owned financial cooperative that ranks in the top 100 credit unions nationwide. It serves more than 180,000 members throughout Northern Virginia.
“The new facility will provide the capacity required to serve the evolving needs of our members in a highly-desired location … We’re working hard to ensure a more modern workplace, one that supports collaboration and productivity, ultimately benefiting the membership at large. We’ve been fortunate to grow the Apple family in every way; a new headquarters is a testament to that success,” Larry Kelly, Apple’s president and CEO, said in a statement.
The headquarters will include an Apple FCU bank branch, conference and training areas, and a fitness center for employees. Apple FCU said it plans to occupy three floors initially, and will lease the remaining Class A office space to businesses.
The building is expected to be complete in Fall 2017, when Apple FCU plans to relocate 225 employees from its current headquarters at 4029 Ridge Top Rd. in Fair Oaks in Fairfax.
The building’s construction coincides with the nearing completion of a new seven-level parking garage at Fairfax Corner that will add more than 900 parking spaces to the center.
Robert Shue, Jeff Groh and Chuck LaRock of Jones Lang LaSalle represented Apple FCU in the transaction.