he Federal National Mortgage Association, better known as Fannie Mae, has picked a location in Plano to house a regional multi-office consolidation that reflects the shift in a mortgage industry that is grappling with fewer mortgage delinquencies.
Instead of three locations in the North Dallas corridor totaling about 450,000 square feet, Fannie Mae plans to occupy a single, 300,000-square-foot regional office in the Granite Park multitenant office park in Plano at the southeast Dallas North Tollway and Sam Rayburn Tollway.
Washington, D.C.-based Fannie Mae has been searching for real estate for more than six months for a new operations center for fewer than 2,000 North Texas employees.
Randy Cooper and Craig Wilson of the newly-merged Cushman & Wakefield have been helping Fannie Mae with its real estate search.
Fannie Mae’s three leases in North Texas are set to expire in the next several years.
Granite Properties has been expanding its Plano office campus for the past year. It includes a new Hilton-flagged hotel and a boardwalk-style restaurant development.
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