JBG Smith has sold an 80% stake in its headquarters in the Washington, DC area for $196 million, according to comments executives made during its recent earnings call.
4747 Bethesda Ave. is a 300,508-square-foot, trophy office building in downtown Bethesda, MD.
Built in 2019, the building is 98% leased and is LEED Gold and Fitwel certified with a rooftop lounge, fitness facility and a penthouse conference room with floor-to-ceiling glass windows.
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The property is adjacent to Bethesda Row, which features more than 70 retailers, restaurants, and entertainment venues. Additionally, the property is walkable to mass transit, including the Red and future Purple Lines, which connect tenants to the Greater Washington, D.C. metropolitan area.
JLL Capital Markets represented the seller with a team led by Senior Managing Directors Jim Meisel, Matt Nicholson, and Andrew Weir, Senior Director Dave Baker and Director Kevin Byrd.
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