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15 Things You Need to Know This Morning

15 Things You Need to Know This Morning
Kiddar Capital Acquires Herndon
Office Building For $33M
A loan from EagleBank provided Todd Hitt of Kiddar Capital the funds to acquire a five-story, 135K SF Herndon office building for $33M. Built in 1989, the property sits at 575 Herndon Pkwy in Herndon. The 4.84-acre site is directly adjacent to WMATA’s Silver Line Metro Station, which is currently under construction and scheduled for delivery in Q1 2020. The building has 452 surface parking spaces or a 3.42 spaces / 1,000 sf ratio. The property is in the center of Herndon’s Transit Oriented Core, a new zoning district created to encourage mixed use, urban style development at the Herndon MetroRail Station. 

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