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Fannie Mae Eyeing Large New Space in Reston

by Karen Goff February 17, 2015 at 3:00 pm 1,251 4 Comments

Fannie Mae's current Reston location/Credit: Fannie MaeFannie Mae is reportedly seeking a large amount of office space in Reston.

The mortgage giant, which recently made a deal to leave its upper Northwest D.C. location to build an new building at 1150 15th St., longtime site of The Washington Post headquarters.

Meanwhile, The Washington Business Journal reports that Fannie Mae is also 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 already owns and leases space at 11600 American Dream Way in Reston, as well as in Herndon, but company spokesman Andrew Wilson told WBJ it has maxed out its space in Reston and needs to expand to roll out the new platform for the mortgage industry.

Fannie Mae occupies nearly 1.5 million square feet of owned and leased space in the region, including a lease set to expire next year at Monument IV at Worldgate in Herndon.

Fannie plans to combine its operations there into the new space, which Fannie has identified says it cannot disclose yet.

Photo: Current Fannie Mae Reston space near Plaza America/file photo

  • Yes that is what I was recently told by an insider. Looks great for Reston!

    • Greg

      And where might this new space be? If I recall correctly, current Fannie Mae, space in Reston, once the home of Sallie Mae, was to be much more densely developed?

      • Karen Goff

        We don’t know yet.

      • If the Old Sallie Mae facility was the focus it might mean that the wetlands would have to be built on…but since it is a federal agency that might be it. But I would bet on somewhere very close to the Reston TC Metro stop etc. or Reston Station There will most likely be a number of relocations to Reston related to the Silver Line or why else would savey investors be building all those expensive high rise rental apartments being built?

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