After inking deal for new headquarters, Fannie Mae on the hunt for more space in Reston
Feb 12, 2015, 11:17am EST UPDATED: Feb 12, 2015, 11:31am EST
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Fannie Mae is seeking out more space in Reston after completing a deal for a new headquarters in D.C.
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Daniel J. Sernovitz
Staff Reporter-
Washington Business Journal
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Fresh off its deal for a new headquarters in downtown D.C., Fannie Mae is on the hunt for more space in Reston.
Fannie is planning to lease about 180,000 square feet at an undisclosed location in Reston to support a new commercialization platform it is developing in collaboration with Freddie Mac, Fannie spokesman Andrew Wilson said. Fannie already owns and leases space in Herndon and Reston, but Wilson said it has maxed out its space in Reston and needs to expand to roll out the new platform for the mortgage industry.
The lease is apart from the deal Fannie reached last month to shift its headquarters from 3600 Wisconsin Ave. NW to the site of the Washington Post’s headquarters at 1150 15th St. NW. Fannie will lease about 700,000 square feet there from Carr Properties, which is planning to demolish the Post’s headquarters and redevelop the property for Fannie and other uses.