Commerce Executive. Photo by JBG Smith.RESTON, VA–JBG Smith has a buyer for its three-building Commerce Executive Park here. The entity is paying $115 million for the complex, which is located by Sunrise Valley Drive and Wiehle Avenue, close to the Wiehle-Reston East Metro station.
The REIT reported in its Q3 earnings that in July 2018 the buyer's deposit related to the contract to sell Commerce Executive became non-refundable. It said that the sale is expected to close in early 2019. It did not name the buyer.
Recommended For You
The buildings, which JBG Smith inherited from the Vornado spin-off, are 87% occupied. Last October JBG Smith retained CBRE to market the complex.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
