{"id":1004274785,"date":"2018-10-26T06:58:49","date_gmt":"2018-10-26T14:58:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004274785"},"modified":"2022-12-08T10:40:53","modified_gmt":"2022-12-08T18:40:53","slug":"greenoak-jv-pounces-on-the-lion-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greenoak-jv-pounces-on-the-lion-building\/","title":{"rendered":"GreenOak JV Pounces on the Lion Building"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004274788\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/The-Lion-Building.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004274788\" data-attachment-id=\"1004274788\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/greenoak-jv-pounces-on-the-lion-building\/the-lion-building\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/The-Lion-Building.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"The Lion Building\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Lion Building&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/The-Lion-Building.jpg?w=800\" class=\"wp-image-1004274788 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/The-Lion-Building.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/The-Lion-Building.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/The-Lion-Building.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/The-Lion-Building.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004274788\" class=\"wp-caption-text\">The Lion Building<\/p><\/div>\n<p>JBG Smith has sold the Lion Building, a 157,000-square-foot office building in Washington, D.C., for $65 million. The buyer, a joint venture between GreenOak Real Estate and MRP Realty, financed the acquisition with a five-year, $47.6 million loan held by MetLife, according to public records.<\/p>\n<p>The sale comes on the heels of JBG Smith\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/exan-capital-snags-121m-dc-office-tower\/\">$121 million sale of Executive Tower<\/a> in September.<\/p>\n<p>The Lion Building last changed hands in mid-2012, when JBG Smith acquired the asset from Clarion Partners in a $64.8 million transaction, per Yardi Matrix data.<\/p>\n<p>Located at 1233 20th St. NW in the city\u2019s central business district, the eight-story building is positioned two blocks south of DuPont Circle. Well-connected via both bus routes and the D.C. Metro\u2019s Red Line, the property can be reached from Ronald Reagan International Airport within 30 minutes.<\/p>\n<p>The LEED Silver property is home to a mix of tenants, including the Center for Political Accountability, the Embassy of Vietnam, JOGMEC and Interface Media Group, according to Yardi Matrix. The building was 87.1 percent leased at the end of the second quarter. The asset\u2019s amenities include a fitness center and 240 subterranean parking spaces.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JBG Smith traded the eight-story, 157,000-square-foot Class B office asset in Washington, D.C. The purchase price was $65 million.<\/p>\n","protected":false},"author":861,"featured_media":1004274788,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21825,21783,11,21742,21747,1615],"tags":[32790,38982,34007,32779,32924,34225],"class_list":["post-1004274785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-finance","category-investment","category-midatlantic","category-latest","category-office","category-washington-dc","tag-clarion-partners","tag-greenoak-real-estate-lp","tag-jbg-smith-properties","tag-leed","tag-metlife","tag-mrp-realty"],"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>GreenOak JV Pounces on the Lion Building - 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\/greenoak-jv-pounces-on-the-lion-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GreenOak JV Pounces on the Lion Building\" \/>\n<meta property=\"og:description\" content=\"JBG Smith traded the eight-story, 157,000-square-foot Class B office asset in Washington, D.C. 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