Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Bowen Building. Photo by JBG Smith

WASHINGTON, DC–JBG Smith has sold the 231,000-square foot Bowen Building, located at 875 15th St., NW, for approximately $139 million or $602 per square foot, according to a source. The buyer is JP Morgan.

One of the assets JBG Smith inherited from Vornado, the Bowen Building is about 86% occupied with such tenants as Rogers Joseph O’Donnell and the Treasury’s Office of Inspector General, which moved into the building last year, occupying 58,400 square feet. It also houses Paul Hastings at the moment, however the law firm will be moving out when Tishman Speyer’s 11-story, 364,000-square foot trophy office building at 2050 M St., NW delivers. The law firm is taking 97,000-square feet there in a 16-year lease.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.