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Fannie Mae to Exit HQ Lease Five Years Early 

Fannie Mae has decided to exit its Midtown Center headquarters in Washington, DC., five years earlier than initially planned, exercising an early-out clause in its lease, Washington Business Journal reported. 

Carr Properties, the owner of Midtown Center, stated that Fannie Mae has notified them of this decision, effective May 2029. The 720,000 square feet of space vacated by Fannie Mae will be put back on the market, with most of it available in June 2029.  

Fannie Mae’s lease at Midtown Center, a 15-year deal worth $770 million, began in 2018 and was initially set to expire on September 30, 2033. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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