Fannie Mae is discussing plans to move its northern Virginia operations to possible locations in Reston, according to a report by the Washington Business Journal.
The company, which currently leases space in Herndon and Reston, is scouting the area for roughly one million square feet for a new hub, including several sites like the future phase of Comstock Partners’ planned Reston Station, according to the report.
Other options currently under development include Boston Properties’ mixed-use development at the door of the north Metro’s planned Silver Line station. Fannie Mae has not made any final decisions on the search.
The company already leases space at several local sites, including a 185,00-square-foot lease at One Reston Crescent that was signed in 2015. Boston Properties has also moved forward with plans for a 270,000-square-foot office project at 1750 President St. in Reston Town Center.
This post has been updated.