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Reston Gateway rendering by Duda Paine ArchitectsRESTON, VA–Fannie Mae has entered into a binding agreement with Boston Properties to lease 850,000 square feet at the REIT’s Reston Gateway project. Fannie Mae will occupy the 1-million-square foot property after it is constructed, beginning in 2022.
Reston Gateway is intended to be developed in multiple phases and could ultimately contain as much as 3.5 million rentable square feet of mixed-use, transit-oriented development. Reston Gateway is located next to the Reston Town Center Metro Station on the Silver Line of the Metro, which is currently under construction and scheduled for completion in early 2020.
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Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
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