Fannie Mae Sells 3 Fairfax County Buildings For Over $130M

The office building at 11600 American Dream Way in Reston
The Office Building At 11600 American Dream Way In Reston

Fannie Mae is unloading Fairfax County properties ahead of its planed consolidation at Boston Properties' Reston Gateway development.

The mortgage financier sold two office buildings in Herndon and one in Reston for over $130M combined, the Washington Business Journal reports.

A JV of MRP Realty and Artemis Real Estate Partners acquired 13100 and 13150 Worldgate Drive in Herndon from Fannie Mae for over $40M. An affiliate of Wheelock Street Capitol bought 11600 American Dream Way in Reston for over $90M.

Fannie Mae retained Cushman & Wakefield in March to market the three buildings, which total over 750K SF. It will lease the buildings back until 2022 when it moves to an 850K SF space at Boston Properties' new development near Reston Town Center.

Fannie Mae also recently shifted its corporate headquarters in D.C. from Wisconsin Avenue to Carr Properties' $650M Midtown Center development at 15th and L streets NW.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Hines And Rialto Close Office Credit Fund At $1.1B

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Office Revenues Are Failing To Keep Pace With Expenses

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Stephen Ross Expands Palm Beach Empire With Massive Boca Raton Campus

25 Years After 9/11, Lower Manhattan Is Finally Firing On All Cylinders

Tishman Speyer Seeks $92M Tax Break For Next Hudson Yards Office Tower

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years