WASHINGTON, DC—Fannie Mae has reportedly focused its headquarters search to two sites downtown that would replace its Wisconsin Avenue headquarters, which it plans to sell.
The GSE is considering 555 12th St. NW near Metro Center that will be vacant when law firm Arnold & Porter relocates out of the building next fall. The other is a newly planned office building by Carr Properties for the property where The Washington Post currently operates. The Post plans to move to a Franklin Square building, 1301 K St. NW, in 2016 and Carr has been planning to redevelop the newspaper's current property, according to the Washington Post.
Andrew Wilson, a Fannie Mae spokesman, said in a statement concerning the agency's office search, “We have several good options in the District of Columbia for our new site. Over the next several years, we plan to consolidate Fannie Mae's five Washington, D.C.-area office locations into a single, leased office. We have not yet made a decision or signed a lease. We are focused on making responsible real estate decisions to ensure the wise use of resources, the safety and soundness of operations, and flexibility to adapt to changes in our future workplace needs.”
Fannie Mae has apparently ruled out moving into the first building of the Capitol Crossing project at 200 Massachusetts Ave. NW. Jeffrey I. Sussman, president of Property Group Partners, says “he was “very disappointed” to report that the mortgage finance company had moved on after failing to come to terms on a deal at the property. See story in the Washington Post.
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