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Walmart Moves into Herndon Office Building
Walmart Inc.’s engagement with a Herndon office space is back in focus as it files for permits to occupy a portion of 2245 Monroe St., after initially leasing the entire building in April 2020, Washington Business Journal reported.
The move indicates Walmart’s renewed interest in the location, with plans to utilize the first four floors spanning approximately 102,000 square feet for its retail technology transformation arm, Walmart Global Tech. However, the fifth and sixth floors, totaling 59,809 square feet, remain available for sublease.
Walmart’s intentions for the new office, whether expansion or relocation from its current Reston office, remain unclear. Despite previous reports of Walmart withdrawing from the Herndon space, recent developments suggest a shift in its strategy. The office building, part of Arboretum II North & South, was sold alongside its twin property in March 2022 for $142 million to Mori Trust Co. Ltd., signaling stability in the real estate asset.
- ◦Lease
