Report: World Bank Reconsiders Northern Virginia Office Purchase

WASHINGTON, DC—The World Bank, which owns some of the priciest real estate in the District, is reportedly stepping back from plans to move some operations to Northern Virginia.

While the World Bank has not commented on press reports of its possible interest in sites in Northern Virginia, sources tell the Washington Post the World Bank has now reconsidered such a plan.

“The World Bank does not comment on any commercial real estate transactions we may be considering,” says World Bank spokesman Frederick Jones.

The bank had reportedly mulled acquiring the Gannett headquarters, the 117-acre Exxon Mobil campus in Merrifield, and a number of other high profile properties in Virginia.

The World Bank owns its 400,000-square-foot headquarters at 1818 H St. NW in Foggy Bottom as well as three other buildings nearby. See story in the Washington Post.