WASHINGTON, DC-A CBD building, located at 1233 20th St., NW, hastraded to JBG Cos. The eight-story,154,584-square-foot, fully-leased building changed hands at around$65 million, a source tells GlobeSt.com. The sellers were a JVbetween Clarion Partners and Core PlusProperties. Transwestern’s Gerry Trainorled the sales team.

This was a smart buy for JBG for several reasons, Trainor tellsGlobeSt.com: “JBG owns the building next door, which makes it anaccretive buy because they can combine the lot lines to enhance thepotential density.” That density play, albeit one likely destinedfor the long-term, adds a value element to what otherwise is a coretransaction. JBG, Trainor notes, “is a buy-and-hold investor butalso a value creator.”

Indeed, the company is heavily invested in developing DC’sMaryland suburbs. Most recently it received approval from theMontgomery County Planning Board to proceed with its secondmixed-use project in White Flint.