Monument IV

Herndon, VA

Acquired August 2004

At a Glance

Monument IV is a nine-story, Class A office building in Herndon, VA. It is located within the Worldgate mixed use-development providing access to multiple restaurants and various retail amenities.

Investment Rationale

  • Located in the Dulles Technology Corridor, the property is in one of the most vibrant markets for technological innovation in the United States. Companies in the market include Google, Verizon, Cisco, SAP and IBM., Inc. occupies 100% of the building on a long-term lease with annual rent increases.

  • The property provides efficient 25,000 square foot floor plates allowing for both multi-tenant and single tenant occupancy. Tenant amenities include an onsite café, conference center and fitness facility.

  • The area is attractive to tenants as it provides access to other prominent demand drivers such as Dulles International Airport, the Pentagon, Tyson’s Corner and downtown Washington D.C.

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Map Monument