Fannie Mae to Maintain Headquarters Across Approximately 340,000 Square Feet of the Office Building
Carr Properties (“Carr”), a leading owner, operator, and developer of premier commercial office and residential properties, announced today that Fannie Mae, a leading provider of mortgage financing in the United States, has entered into a new lease at Carr’s Midtown Center for its headquarters. Midtown Center is a 900,000 square foot office building in the heart of Washington, DC that is owned by Carr Properties in a joint venture with IGIS Asset Management. Fannie Mae will occupy approximately 340,000 square feet on a long-term basis.
“We are proud to continue our relationship with Fannie Mae and want to thank them for their partnership as we worked together to complete a new lease for their headquarters at Midtown Center,” said Oliver Carr, CEO of Carr Properties. “We are thrilled to have Fannie Mae as a customer for many more years to come.”
Fannie Mae’s mission is to facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America. The company enables the 30-year fixed-rate mortgage and drives responsible innovation to make homebuying and renting easier, fairer, and more accessible.
Situated in the heart of downtown Washington, DC, Carr Properties completed the development of Midtown Center in 2017, featuring two towers connected by three pedestrian bridges spanning 100 feet over the plaza below. Designed by SHoP Architects, the building offers world-class amenities such as a double-height fitness center equipped with top-of-the-line cardio and weightlifting equipment, a yoga room, a 1,300 square-foot bike room, and a rooftop terrace with stunning views of the Washington Monument. The expansive retail plaza includes some of DC’s most popular restaurants, including Shoto, Grazie Nonna, Dauphines, and Blue Bottle, among others.
Fannie Mae was represented by Art Santry and Ned Goodwin of Cushman & Wakefield, and Philip M. Horowitz and Jean Yin Crews from Venable, LLP. in the lease transaction. Carr Properties was represented by Kaitlyn Rausse, Carr’s Senior Vice President of Leasing, and Valerie Kelly, a partner at Fried Frank.