950 Herndon Parkway

SERVICE-ANCHORED TENANCY WITH DURABLE DEMAND

The Property features a PNC Bank branch with drive-through, supporting consistent daily visitation and serving as a key neighborhood banking destination. Approximately 20% of occupied space is leased to medical and healthcare users, complemented by professional services and financial tenants. This service-oriented tenancy profile generates stable, repeat visitation that is structurally insulated from remote-work trends.

PROVEN OPERATING RESILIENCE THROUGH MULTIPLE CYCLES

Since 2016, the Property has maintained approximately 85% average occupancy through 2025, including throughout the COVID-19 pandemic and the subsequent office market disruption. This performance underscores the Property’s ability to retain and replace tenants across market cycles and reinforces its positioning as a survivor asset within the Herndon office market.

APPOINTMENT- DRIVEN, ESSENTIAL VISITATION TRENDS

Foot traffic at 950 Herndon Parkway has grown 17% since 2023, reaching 132,100 visits in 2025. Visits are evenly spread across every weekday. Over 70% of visits last more than 30 minutes and primarily originate from visitor’s home. This is appointment-driven, purposeful visitation for patients, banking customers, and professionals who deliberately choose to travel to the Property.

BENEFICIARY OF A SIGNIFICANT SUPPLY RESET

Herndon’s office market is undergoing a meaningful structural reset. Within the Town of Herndon, approximately 1.6 million square feet of office inventory is expected to come offline through demolition and conversion, representing nearly 25% of the market’s 6.5 million square foot inventory. As obsolete office product exits the market, tenant demand is expected to concentrate into a smaller pool of functional, well-located assets such as 950 Herndon Parkway.