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Fannie Mae Inks Major Lease in Future Reston Gateway Project

by Fatimah Waseem March 1, 2018 at 7:15 am 11 Comments

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

  • Ken Bum

    Every other post on here is advertising developers, and the overdevelopment of Reston.

    Sucks. I thought this was a decent area.

    • I’d Rather Post As A Guest

      I want to read every announcement of every NoVa commercial real estate deal that is signed, so keep publishing them. It’s one way regular ppl can learn about what is going on around here…god knows the RA Board doesn’t always tell us what they are doing these days LOL

      • 40yearsinreston

        The dont want to scare the children

      • Donald

        Unfortunately, the perception is the RA board likes to focus on micromanaging.

        Except for one or two directors, the rest don’t appear to know anything about redevelopment/land use and hence, will be totally outwitted by the likes of Looney and others — who represent and advocate for the developers.

        Donald

  • Big Drop

    28 stories in the taller building? Reston’s Signature building.

  • Sherri Hebert

    The gangs have merged! Now they are rounded up with their attempt to overthrow usa!

  • I’d Rather Post As A Guest

    Har !! Fannie Mae and Freddie Mac, once-upon-a-time on life support with dozens of congressmen, Senators, and bankers chasing them with their long knives out, are still signing deals ten years after the beginning of the Great Recession. I don’t know whether to laugh or cry.

    • Greg

      And in some of the most expensive locations.

  • 40yearsinreston

    any workforce housing tenants ?

    • Eric Lynch

      Hopefully! Times are changing old man

  • Tom Wyland

    RestonNow posts an article about new development, which results in the following comments:
    1) Reston will look like Ballston
    2) Workforce housing? What about the schools & transportation?
    3) It’s all Hudgins fault!
    4) Traffic will be a nightmare!

    I do appreciate learning about what’s coming. If we all keep reading the articles RestonNow will keep posting them.

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