{"id":1004345465,"date":"2019-08-12T09:29:08","date_gmt":"2019-08-12T17:29:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004345465"},"modified":"2019-08-12T09:29:08","modified_gmt":"2019-08-12T17:29:08","slug":"jbg-smith-sells-43m-washington-dc-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jbg-smith-sells-43m-washington-dc-office-building\/","title":{"rendered":"JBG SMITH Sells $43M Washington, DC Office Building"},"content":{"rendered":"<div id=\"attachment_1004345468\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/The-World-Center-Building.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004345468\" data-attachment-id=\"1004345468\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-sells-43m-washington-dc-office-building\/the-world-center-building\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/The-World-Center-Building.jpg\" data-orig-size=\"640,512\" 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;0&quot;}\" data-image-title=\"The World Center Building\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The World Center Building&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/The-World-Center-Building.jpg?w=640\" class=\"wp-image-1004345468 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/The-World-Center-Building.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/The-World-Center-Building.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/The-World-Center-Building.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004345468\" class=\"wp-caption-text\">The World Center Building<\/p><\/div>\n<p>JBG SMITH has sold The World Center Building, an 82,000-square-foot office property in Washington, D.C.\u2019s central business district. The eight-story asset traded for $43 million. A team of brokers from Cushman &amp; Wakefield represented the seller in the transaction.<\/p>\n<p>The company acquired the property in 2011 for the price of $35 million, according to Yardi Matrix, when the REIT closed on a $101.5 million portfolio transaction, which included The World Center Building. Currently, the company is shedding some of its office portfolio, as <a href=\"https:\/\/www.commercialsearch.com\/news\/amazon-inks-48-ksf-lease-for-northern-virginia-hq2\/\">Amazon\u2019s HQ2 shapes up<\/a>.<\/p>\n<p>The World Center Building is located at 1600 N.W. K St. Constructed in 1953, the property received a full renovation in 2011 after changing hands. Leases range from 2,472 square feet of divisible space to 3,120 square feet of contiguous space. The office mid-rise tower features 12,333-square-foot floorplates and includes 13,667 square feet of retail space. World Center Building is LEED Gold certified.<\/p>\n<p>At the time of sale, the building was 92 percent occupied. Tenants include National Academy of Public Administration, Studio 27 Architecture, National Veterans Legal Services Program, among others. The central location allows for quick access to the metro\u2019s historic landmarks, restaurants, entertainment and businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company initially acquired the property in 2011 as part of a portfolio transaction. At the time of the current sale, the building was 92 percent occupied.<\/p>\n","protected":false},"author":1284,"featured_media":1004345468,"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":[32799,34007,32779],"class_list":["post-1004345465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midatlantic","category-latest","category-office","category-washington-dc","tag-cushman-wakefield","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 SMITH Sells $43M Washington, DC Office 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\/jbg-smith-sells-43m-washington-dc-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JBG SMITH Sells $43M Washington, DC Office Building\" \/>\n<meta property=\"og:description\" content=\"The company initially acquired the property in 2011 as part of a portfolio transaction. At the time of the current sale, the building was 92 percent occupied.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-sells-43m-washington-dc-office-building\/\" \/>\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=\"2019-08-12T17:29:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/The-World-Center-Building.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\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-smith-sells-43m-washington-dc-office-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-sells-43m-washington-dc-office-building\/\",\"name\":\"JBG SMITH Sells $43M Washington, DC Office Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-sells-43m-washington-dc-office-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-sells-43m-washington-dc-office-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/The-World-Center-Building.jpg\",\"datePublished\":\"2019-08-12T17:29:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-sells-43m-washington-dc-office-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-sells-43m-washington-dc-office-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-sells-43m-washington-dc-office-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/The-World-Center-Building.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/The-World-Center-Building.jpg\",\"width\":640,\"height\":512,\"caption\":\"The World Center Building\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-sells-43m-washington-dc-office-building\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JBG SMITH Sells $43M Washington, DC Office Building\"}]},{\"@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\/daae3daa7b99fdfb75a85cb3cd92a26d\",\"name\":\"Tudor Scolca\",\"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\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"caption\":\"Tudor Scolca\"},\"description\":\"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. 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