Pentagon Federal Credit Union Headquarters

Pentagon Federal Credit Union Headquarters

Provided PenFed with a best-in-class new headquarters facility along with nearly 400,000 SF of future expansion capability

After serving as development manager for PenFed’s original headquarters in Alexandria, VA, the credit union turned to Gilbane again amid its explosive growth resulting in the need to rethink and expand its corporate real estate. With limited options and not enough time for a build-to-suit approach, Gilbane assisted PenFed in identifying a new 11-story, 325,000 SF office tower known as “Tysons Overlook”, accompanied by a 1,000-space parking garage.

Gallery

01 / 10
\
Pentagon Federal Credit Union Headquarters
Pentagon Federal Credit Union Headquarters 2
Pentagon Federal Credit Union Headquarters 3
Pentagon Federal Credit Union Headquarters 4
Pentagon Federal Credit Union Headquarters 5
Pentagon Federal Credit Union Headquarters 6
Pentagon Federal Credit Union Headquarters 7
Pentagon Federal Credit Union Headquarters 8
Pentagon Federal Credit Union Headquarters 9
Pentagon Federal Credit Union Headquarters 10

Project Overview

  • Understanding that PenFed was seeking a “future proof” solution, Gilbane helped expand negotiations to include the acquisition of:
    • the adjacent pad site owned by the developer (entitled for 175,000 SF as part of a broader development plan)
    • the bottom half of the building owned by the government contractor (structured as a sale with 15-year leaseback)
  • Led efforts to negotiate, underwrite, and close on two transactions in parallel within just six months
  • Managed design, approval, and fit-out of PenFed’s first 100,000-SF 
  • Provided PenFed with a best-in-class new headquarters facility along with nearly 400,000-SF of future expansion capability

Quick Stats

  • Location: Tysons Corner, VA
  • Market: Commercial
  • Size: 325,000 SF
  • Date Completed: October 2016

325,000

square feet

11

stories

2016

date completed

Now let’s talk about your project.

If you’ve got a project, we’ve got the team and expertise to pull it off. Let’s start the conversation.