Stout & Teague has sold the office condominium units at 754 Elden Street in historic downtown Herndon to its largest tenant, Probity, Inc. Stout & Teague will retain management and leasing responsibilities for the new owner and for the Herndon Commerce Center Condominium Association.
Probity, Inc. initially leased one small unit in the building. Stout & Teague worked with Probity as their business expanded, ultimately leasing the entire 2nd floor and portions of the 3rd floor. The sale to Probity will allow them to control their future growth in the building and to have a long-term stake in the center of downtown Herndon adjacent to the future Comstock development in the same block.
Stout & Teague purchased the units vacant in 2012 and obtained approval from the Town of Herndon’s Heritage Preservation Review Board to add windows to a blank façade of the building, greatly enhancing views and light. Stout & Teague later renovated the cornice in keeping with the historic style of the building, again with unanimous approval of the HPRB.