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Amazon to acquire large property in Herndon

Michael Neibauer
Amazon to acquire large property in Herndon

Amazon.com Inc. (NASDAQ: AMZN) subsidiary VAData Inc. is under contract to acquire an expansive Herndon property from an affiliate of Perspecta Inc., likely for the purposes of growing its Northern Virginia data center portfolio, according to multiple sources with knowledge of the deal. The property, assessed by Fairfax County at $80.7 million, includes adjacent mid-1980s office buildings totaling nearly 470,000 square feet, a parking garage and additional land. It is unclear if Perspecta (NYSE PRSP) will sell the entire site, or retain some piece for itself, but sources say demolition and data centers are anticipated.