Jul
16
JBG Breaks Ground on DC-Area Headquarters
ByThe 14-story building on Bethesda Avenue is slated for completion in the third quarter of 2019. The REIT will occupy the lower floors, with 200,000 square feet of office still up for grabs.
JBG Smith, the Washington, D.C.-area commercial real estate powerhouse that is being created through a merger of The JBG Cos. and Vornado/Charles E. Smith this month, will soon have a new trophy office building in Bethesda, Md., for its headquarters.
JBG is developing the 14-story, 287,000-square-foot building at 4747 Bethesda Ave. that will have 200,000 square feet of office space and 7,000 square feet of retail space. It is expected to be completed in the third quarter of 2019. JBG Smith will occupy the lower floors, taking about 95,000 square feet, according to David Petr, president & CEO of the Montgomery County Economic Development Corp…
