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Fannie Mae to sell Washington headquarters

Fannie consolidates into single office

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Fannie Mae is saying goodbye to its iconic, mansion-like headquarters, located at 3900 Wisconsin Ave., according to an article in The Wall Street Journal.

The article explains that the move is connected to the government-sponsored enterprise’s consolidation of its five D.C.-area offices into a single, leased office building.  And while a new location has yet to be decided, Fannie would prefer that it be in downtown D.C.

The spokesperson said that the move is in preparation of the expiration of the leases on two of its D.C. offices. The company has also lately had to deal with aging infrastructure in some locations, including at the main building, she said.

Source: WSJ
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