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Tuesday Morning Notes

Under SEC investigation — ComScore, a Reston-based audience company, issued new financial statements showing it overstated revenue by $127 million. [Washington Business Journal]

29 acres are up for grabs — Fannie Mae is expected to vacate three major buildings in the area as it moves to Reston Gateway in 2022. Who will fill the void? [Washington Business Journal]

If you’re heading out to Wiehle-Reston East parking garage — Parking may be limited at times as construction continues in the area. Commuters can park at Reston South Park & Ride for free. [Fairfax Connector]

Flickr pool photo via vantagehill

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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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Weekend Discussion Topics

Before we head off into the weekend, let’s take a look back at the biggest stories on Reston Now in recent days.

The following articles were the five most-clicked links on Reston Now this past week.

  1. M & S Grill in Reston Town Center Closes
  2. New Details Surface in the Murder of Reston Couple
  3. Memorial Service Set for Couple Murdered in Reston
  4. Longtime Business Leaves Reston Town Center
  5. Fannie Mae Eyes Move to Reston’s Core

Feel free to discuss these topics, your weekend plans or anything else that’s happening locally. Have a great weekend!

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Fannie Mae Eyeing Large New Space in Reston

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

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