WASHINGTON, DC-A CBD building, located at 1233 20th St., NW, has traded 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 JV between Clarion Partners and Core Plus Properties. Transwestern’s Gerry Trainor led the sales team.

This was a smart buy for JBG for several reasons, Trainor tells GlobeSt.com: “JBG owns the building next door, which makes it an accretive buy because they can combine the lot lines to enhance the potential density.” That density play, albeit one likely destined for the long-term, adds a value element to what otherwise is a core transaction. JBG, Trainor notes, “is a buy-and-hold investor but also a value creator.”

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