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Announced

Completed

Mori Trust completed the acquisition of the office buildings in Herndon.

Synopsis

Mori Trust, a real estate developer, completed the acquisition of the office buildings in Herndon. Financial terms were not disclosed. The property acquired is located near the main road connecting the capital city of Washington, D.C. and Dulles Airport. The area is called Dulles Technology Corridor, and a high-tech cluster is formed where tech companies and data centers that are expected to grow in the future are concentrated. In addition, the extension work of the metro is progressing, and new development is being carried out along the line. It is an area where further development is expected, such as many implementations. The property, which consists of two office buildings, is conveniently located near the new metro station to be developed, and both buildings are fully occupied.

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