Federal Capital Partners Looks To Sell Amazon Web Services-Leased Herndon Building
After landing a full-building lease with Amazon Web Services at its property along the Dulles Toll Road in April, Federal Capital Partners is looking to cash out.
The landlord has retained Cushman & Wakefield to market the 400K SF One Dulles Tower for sale, the Washington Business Journal reports.
Federal Capital Partners acquired the building at 13200 Woodland Park Drive for $80M in October 2015, knowing Booz Allen Hamilton would vacate in a matter of months. It launched an $11M renovation to create a new lobby, fitness center and conference center. Cushman & Wakefield also represented the landlord in leasing the building.
Amazon Web Services also occupies a building on the other side of the highway at 12900 Worldgate Drive. The company expects to create up to 1,500 jobs with its expansion along the Toll Road.
The AWS expansion represents a big win for the corridor, which has benefited greatly from the ongoing expansion of the Silver Line. But it is still dwarfed by the impact Amazon could make if it chooses the area for its HQ2, which could create 50,000 jobs.
Fairfax and Loudoun counties teamed up to propose Herndon's 26-acre Center for Innovative Technology campus to Amazon — within a few miles of One Dulles Tower — and Meridian Group and Kettler submitted a proposal for their 15-acre The Boro development in Tysons.
