Soon after Fannie Mae announced last month it would opt out of the lease for its 720K SF headquarters at the Midtown Center in Washington, DC-five years early-speculation intensified that the federally sponsored mortgage giant would move its downsized HQ across the Potomac River to Reston, VA.
Now, real estate data powerhouse CoStar is joining a trend that has seen a migration of DC-based firms to Virginia.
CoStar, the owner of LoopNet and Apartments.com, is finalizing a deal to acquire the Central Plaza office tower in Arlington from JBG Smith. Central Plaza is a part of a mixed-use development in proximity to the Rosslyn Metro station.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
