{"id":1004762349,"date":"2025-06-23T04:29:02","date_gmt":"2025-06-23T12:29:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004762349"},"modified":"2025-06-26T02:29:40","modified_gmt":"2025-06-26T10:29:40","slug":"jbg-smith-picks-up-dc-area-campus-at-steep-discount","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/","title":{"rendered":"JBG Smith Picks Up DC-Area Campus at Steep Discount"},"content":{"rendered":"\n<p>In a deal that intersects with two current trends in the office sector\u2014the active market in distressed properties and conversions to residential\u2014JBG Smith has acquired Tysons Dulles Plaza, a three-building, approximately 500,000-square-foot office campus in Tysons, Va.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004762360\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/tysons-dulles-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png\" 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;0&quot;}\" data-image-title=\"Tysons Dulles Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;JBG Smith has acquired Tysons Dulles Plaza. Image courtesy of CBRE&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png\" alt=\"Tysons Dulles Plaza, a three-building campus in Tysons, Va. \" class=\"wp-image-1004762360\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">JBG Smith has acquired Tysons Dulles Plaza, a three-building, office campus in Tysons, Va. <em>Image courtesy of CBRE<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The seller of the 15-acre campus and the dollar amount for this transaction were not disclosed. However, information provided by CommercialEdge indicates that the seller was Rockpoint Group, of Boston, which had acquired the three buildings from KBS Realty Advisors in a June 2017 portfolio transaction worth $130 million. The current price of the three-building portfolio was $42.3 million.<\/p>\n\n\n\n<p>JBG Smith announced that it plans to re-entitle and redevelop one of the three office buildings for residential use. The other two buildings reportedly will be \u201cenhanced and modernized and remain in long-term operation for office tenants.\u201d<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/office-conversions-demolitions-outpace-new-construction\/\">Office Conversions, Demolitions Outpace New Construction<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>A JBG Smith spokesperson was unable to provide additional information about the specifics of this plan.<\/p>\n\n\n\n<p>Regarding distress, the company\u2019s announcement referenced both the office sector\u2019s issues caused by remote work and the D.C. region\u2019s economic headwinds, while also noting the opportunities that distress creates to acquire office assets at attractive prices.<\/p>\n\n\n\n<p>Tysons Dulles Plaza consists of three Class A office buildings:<\/p>\n\n\n\n<p>\u2022 Plaza I, 1420 Spring Hill Road, completed 1986.<\/p>\n\n\n\n<p>\u2022 Plaza II, 1430 Spring Hill Road, completed 1986.<\/p>\n\n\n\n<p>\u2022 Plaza III, 1410 Spring Hill Road, completed 1989.<\/p>\n\n\n\n<p>The property also features 1,553 parking spaces. It\u2019s walkable to the Silver Line\u2019s Spring Hill Metro station and adjacent to Route 267, the Dulles Toll Road.<\/p>\n\n\n\n<p>JBG Smith stated that at Tysons Dulles Plaza they\u2019ll be seeking to replicate their success with their<a href=\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-partners-to-develop-new-district-in-dcs-virginia-suburbs\/\"> development activities in National Landing<\/a>, which have focused in part on shedding office space and expanding residential and retail space.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-varied-buyers-varied-goals\">Varied buyers, varied goals<\/h2>\n\n\n\n<p>Just last month, <em>Commercial Property Executive<\/em> took a close look at <a href=\"https:\/\/www.commercialsearch.com\/news\/whos-buying-distressed-office-buildings\/\">the market for distressed office assets<\/a>, especially who\u2019s buying them and according to what strategies.<\/p>\n\n\n\n<p>For example, private capital players, including private equity firms, family offices and high-net-worth individuals, have been active buyers of distressed offices, according to Lukas Krause, CEO of SVN International Corp.<\/p>\n\n\n\n<p>These investors are looking to take advantage of price reductions from earlier valuations, especially in primary markets where downturns are typically followed by substantial recoveries. Depending on the type of entity, some are targeting turnaround and value creation, while others set their sights on long-term appreciation and consistent income streams.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the property\u2019s buildings is slated for conversion. <\/p>\n","protected":false},"author":882,"featured_media":1004762360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,11,21742,21747,1615],"tags":[34007],"class_list":["post-1004762349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-midatlantic","category-latest","category-office","category-washington-dc","tag-jbg-smith-properties"],"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 Picks Up DC-Area Campus at Steep Discount - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"JBG Smith has acquired Tysons Dulles Plaza, a three-building, 500,000-square-foot office campus in Tysons, Va.\" \/>\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-picks-up-dc-area-campus-at-steep-discount\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JBG Smith Picks Up DC-Area Campus at Steep Discount\" \/>\n<meta property=\"og:description\" content=\"JBG Smith has acquired Tysons Dulles Plaza, a three-building, 500,000-square-foot office campus in Tysons, Va.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/\" \/>\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=\"2025-06-23T12:29:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-26T10:29:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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-picks-up-dc-area-campus-at-steep-discount\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/\",\"name\":\"JBG Smith Picks Up DC-Area Campus at Steep Discount - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png\",\"datePublished\":\"2025-06-23T12:29:02+00:00\",\"dateModified\":\"2025-06-26T10:29:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"JBG Smith has acquired Tysons Dulles Plaza, a three-building, 500,000-square-foot office campus in Tysons, Va.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png\",\"width\":800,\"height\":620,\"caption\":\"JBG Smith has acquired Tysons Dulles Plaza. Image courtesy of CBRE\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JBG Smith Picks Up DC-Area Campus at Steep Discount\"}]},{\"@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\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"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\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JBG Smith Picks Up DC-Area Campus at Steep Discount - Commercial Property Executive","description":"JBG Smith has acquired Tysons Dulles Plaza, a three-building, 500,000-square-foot office campus in Tysons, Va.","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-smith-picks-up-dc-area-campus-at-steep-discount\/","og_locale":"en_US","og_type":"article","og_title":"JBG Smith Picks Up DC-Area Campus at Steep Discount","og_description":"JBG Smith has acquired Tysons Dulles Plaza, a three-building, 500,000-square-foot office campus in Tysons, Va.","og_url":"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-06-23T12:29:02+00:00","article_modified_time":"2025-06-26T10:29:40+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png","type":"image\/png"}],"author":"Scott Baltic","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-smith-picks-up-dc-area-campus-at-steep-discount\/","url":"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/","name":"JBG Smith Picks Up DC-Area Campus at Steep Discount - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png","datePublished":"2025-06-23T12:29:02+00:00","dateModified":"2025-06-26T10:29:40+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"JBG Smith has acquired Tysons Dulles Plaza, a three-building, 500,000-square-foot office campus in Tysons, Va.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png","width":800,"height":620,"caption":"JBG Smith has acquired Tysons Dulles Plaza. Image courtesy of CBRE"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jbg-smith-picks-up-dc-area-campus-at-steep-discount\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"JBG Smith Picks Up DC-Area Campus at Steep Discount"}]},{"@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\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","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\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Tysons-Dulles-Plaza.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004762349","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\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004762349"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004762349\/revisions"}],"predecessor-version":[{"id":1004762833,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004762349\/revisions\/1004762833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004762360"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004762349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004762349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004762349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}