Wheelock Affiliate Buys Fannie Mae Office Building

by Fatimah Waseem September 27, 2018 at 12:00 pm 7 Comments

An affiliate of Connecticut-based Wheelock Street Capital has bought the office building on 11600 American Dream Way from Fannie Mae further expanding the companies footprint.

The news, first reported by The Washington Business Journal, expands Wheelock Communities’ footprint in Reston. The company purchased Hidden Creek Country Club, which is just next to the office building previously owned by Fannie Mae, in October last year.

The company hopes to convert the golf course into a public park with between 500 and 2,000 residential units. A formal development proposal has not been submitted to the county, but discussions are underway. A spokesperson for the company did not immediately respond to a request for comment from Reston Now.

Wheelock Street Capital, an affiliate of Wheelock Communities, bought the Charter Oak Apartments, in February. The community is also next to the golf course.

WBJ reported Wheelock paid more than 90 million for the building. Fannie Mae plans to move to Reston Gateway, a major mixed-use project near the future Reston Town Center Metro station in 2020.

Photo via Fannie Mae

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