WASHINGTON, DC—Fannie Mae has reportedly decided to consolidate its headquarters operations into space at 555 12th St. NW.
The downtown building will be vacated in the fall of next year by law firm Arnold & Porter, which leases about half of the 782,000-square-foot building. The housing finance agency picked the 12th Street building over the Capitol Crossing development and a building to be developed by Carr Properties, according to the Washington Post.
Fannie Mae issued a statement saying that it was “approaching the end of our process, but we have not yet signed a lease.”
“As we continue this process, we remain focused on making responsible real estate decisions that will use resources wisely, ensure the safety and soundness of Fannie Mae's operations, and give us the flexibility to adapt to changes in our future workplace needs,” the organization said.
Met Life purchased the building with Norwegian investment bank Norges Bank for $505 million nearly a year ago. See story in the Washington Post.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
