{"id":1004216982,"date":"2018-04-05T09:34:16","date_gmt":"2018-04-05T17:34:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004216982"},"modified":"2025-02-18T05:40:16","modified_gmt":"2025-02-18T13:40:16","slug":"jbg-sells-va-office-property-for-95m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/","title":{"rendered":"JBG Sells VA Office Property for $95M"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004217072\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004217072\" data-attachment-id=\"1004217072\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/2000-edmund-halley-drive-reston-va\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;IvyLee Rosario&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1522839694&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"2000 Edmund Halley Drive, Reston, Va.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;2000 Edmund Halley Drive, Reston, Va.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg?w=400\" class=\"wp-image-1004217072 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004217072\" class=\"wp-caption-text\">2000 Edmund Halley Drive, Reston, Va.<\/p><\/div>\n<p>JBG SMITH has completed the sale of Summit I and II, a two-building <a href=\"https:\/\/www.commercialsearch.com\/news\/cppib-takes-minority-stake-in-jbg-smiths-d-c-office-development\/\">office campus in D.C.<\/a>&#8216;s submarket of Reston, Va. Brookfield Property Partners acquired the asset for $95 million. The firm has also closed the sale of the land and temporary construction easements associated with the site to the Metropolitan Washington Airports Authority, for $2.2 million.<\/p>\n<p>Located at 2000 Edmund Halley Drive, the properties are both 100 percent leased and comprise a total of more than 290,000 square feet, plus an additional 70,000 square feet of density. Summit I features 156,375 square feet and is LEED Gold certified. The six-story asset was constructed in 1986. Summit II encompasses 154,375 square feet, with 1,500 of that dedicated to retail. The 1987-built, six-story property is LEED Silver certified and was completely renovated in 2012.<\/p>\n<p><em>\u201cThe sale of Summit I and II is consistent with our strategy to take advantage of market conditions to recycle capital, deleverage our balance sheet, and reinvest the proceeds in higher-yielding growth opportunities,&#8221;<\/em> said Matt Kelly, CEO of JBG SMITH, in prepared remarks. <em>&#8220;This transaction demonstrates continued investor interest in high-quality assets and we were pleased to work with Brookfield Property Partners through this process.\u201d<\/em><\/p>\n<p>Tom Cleaver, Dan Grimes and Rob Faktorow of CBRE represented both the buyer and seller in the transaction.<\/p>\n<p><em>Image courtesy of Google Street View\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summit comprises two buildings totaling more than 290,000 square feet in Reston. The firm also closed the sale of the land and temporary construction easements associated with the site for $2.2 million.<\/p>\n","protected":false},"author":746,"featured_media":1004217072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,11,21742,21747,1615],"tags":[33091,32789,34007,32779],"class_list":["post-1004216982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midatlantic","category-latest","category-office","category-washington-dc","tag-brookfield-property-partners","tag-cbre","tag-jbg-smith-properties","tag-leed"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JBG Sells VA Office Property for $95M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JBG Sells VA Office Property for $95M\" \/>\n<meta property=\"og:description\" content=\"Summit comprises two buildings totaling more than 290,000 square feet in Reston. The firm also closed the sale of the land and temporary construction easements associated with the site for $2.2 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-05T17:34:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-18T13:40:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/\",\"name\":\"JBG Sells VA Office Property for $95M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg\",\"datePublished\":\"2018-04-05T17:34:16+00:00\",\"dateModified\":\"2025-02-18T13:40:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg\",\"width\":400,\"height\":310,\"caption\":\"2000 Edmund Halley Drive, Reston, Va.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JBG Sells VA Office Property for $95M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JBG Sells VA Office Property for $95M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/","og_locale":"en_US","og_type":"article","og_title":"JBG Sells VA Office Property for $95M","og_description":"Summit comprises two buildings totaling more than 290,000 square feet in Reston. The firm also closed the sale of the land and temporary construction easements associated with the site for $2.2 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-04-05T17:34:16+00:00","article_modified_time":"2025-02-18T13:40:16+00:00","og_image":[{"width":400,"height":310,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg","type":"image\/jpeg"}],"author":"IvyLee Rosario","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/","url":"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/","name":"JBG Sells VA Office Property for $95M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg","datePublished":"2018-04-05T17:34:16+00:00","dateModified":"2025-02-18T13:40:16+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg","width":400,"height":310,"caption":"2000 Edmund Halley Drive, Reston, Va."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jbg-sells-va-office-property-for-95m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"JBG Sells VA Office Property for $95M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780","name":"IvyLee Rosario","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","caption":"IvyLee Rosario"},"description":"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/","url":"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2000-Edmund-Halley-Drive-Reston-Va..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004216982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/746"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004216982"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004216982\/revisions"}],"predecessor-version":[{"id":1004217444,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004216982\/revisions\/1004217444"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004217072"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004216982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004216982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004216982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}