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JBG Sells TechWorld to Meridian Group

WASHINGTON, DC—The JBG Cos. have sold the two-building TechWorld office complex across the street from the Washington Convention Center to Bethesda, MD-based The Meridian Group.

By John Jordan | Updated on April 03, 2014

WASHINGTON, DC—The JBG Cos. have sold the two-building TechWorld office complex across the street from the Washington Convention Center to Bethesda, MD-based The Meridian Group.

Sources told Globest.com back in February that a deal was in the works between JBG of Chevy Chase, MD and Meridian for the properties at 800 K St. NW and 801 Eye St. NW. Globest.com’s Erika Morphy reported that the purchase price was rumored to be $315 million. While both JBG and Meridian refused to disclose the sale price, the Washington Business Journal in a report on Thursday also cited sources putting the sale price at $315 million.

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