May 11, 2026
Herndon, VA – May 2026 – Legat Commercial Real Estate is pleased to announce the successful lease renewals at Sugarland Business Park, one of the largest office parks in Herndon Virginia, located at 201 Elden Street, Herndon Virginia, 20170. Both Abacus Accounting Services and Aloha Mind & Math Tutoring have extended their leaseholds for an additional three years.
“Herndon, Virginia, is a Tenant’s market and was largely built out twenty-five years ago for a market that no longer exists. Vacancy is above 25% and still rising. Class B & C properties are experiencing a slow spiral of rent depreciation, and time on the market for vacant offices is roughly 18 months, give or take. These trends will continue for the foreseeable future.”
Jonathan K. Chapin – Vice President.
Abacus Accounting Services Inc is a Tax Preparation and Accounting Firm and Aloha Mind & Math Tutoring is a young children’s academic tutoring and learning center that is independently owned and operated. Currently there is 15,442 SF of office, medical, space available at Sugarland Business Park. Flexible floor plans and lease terms are available for prospective tenants.
In these Transactions, Jonathan Chapin and James Legat represented the Landlord, Muna Investments LLC.
About Legat CRE
Legat CRE is a full-service commercial real estate brokerage firm specializing in tenant representation, landlord representation, and investment sales. With a deep understanding of the local market and a commitment to client service, Legat CRE provides sophisticated representation for its clientele.
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