Comstock Buys Herndon Office Campus, Locks in Peraton as Anchor Tenant

Event summary

  • Comstock acquired Woodland Pointe, a 6.77-acre office campus in Herndon, Virginia, for an undisclosed sum.
  • The deal includes a full-campus lease with Peraton, covering both existing space and a new 100,000-square-foot build-to-suit office.
  • Peraton will occupy nearly 300,000 square feet upon completion of the new building.
  • Woodland Pointe includes a LEED Gold-certified, 185,000-square-foot office tower and a parking garage.
  • Comstock's Institutional Venture Platform facilitated the acquisition, partnering with institutional co-investors.

The big picture

Comstock's acquisition of Woodland Pointe and the Peraton lease reflect the growing trend of defense and technology firms consolidating operations in high-quality, purpose-built campuses. The deal underscores the strategic value of the Dulles Technology Corridor, where demand for modern office space remains strong. Comstock's ability to secure long-term leases with mission-critical tenants positions it well in a market increasingly prioritizing stability and quality over speculative development.

What we're watching

Defense Demand
How sustained defense spending will affect demand for specialized office space in the Dulles Corridor.
Build-to-Suit Risk
Whether Comstock can deliver the new office building on time and budget to meet Peraton's needs.
Institutional Partnerships
The pace at which Comstock can replicate this model with other institutional investors.

Related topics

Acquisition