Fannie Mae Inks Major Lease in Future Reston Gateway Project

Boston Properties has secured another win after inking a deal with Leidos Holdings, Inc earlier this year.

Fannie Mae will lease 850,000 square feet in the future Reston Gateway, a 27-acre project that could include up to 3.5 million square feet of transit-oriented development, according to release by Boston Properties.

The financial services company had been scouting for space as it moves to consolidate its services and secure a new hub. Comstock Partners’ Reston Station was one project Fannie Mae was considering.

The company already leases space at several local sites, including a 185,000 square foot lease at One Reston Crescent that was signed in 2015.

Boston Properties touted the binding lease commitment, which validates “Reston Town Center’s unique position as a top experiential development” in the country, the statement read.

Fannie Mae will move into the new space as the anchor tenant in 2020. Reston Gateway could include up to 150,000 square feet of retail and a hotel and more than 1 million square feet in residential.

Rendering via Boston Properties

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