JBG SMITH Acquires Tysons Dulles Plaza for Mixed-Use Redevelopment and Office Modernization

Reuters

2025/06/20

JBG SMITH Acquires Tysons Dulles Plaza for Mixed-Use Redevelopment and Office Modernization

JBG SMITH Properties, a prominent developer and operator of mixed-use properties in the Washington, DC area, has acquired the Tysons Dulles Plaza, a 15-acre office campus in Tysons, Virginia. The acquisition includes three buildings with a total of approximately 500,000 square feet of office space and 1,553 parking spaces. JBG SMITH plans to re-entitle one of the buildings for residential use, while enhancing and modernizing the other two for continued office use. This move aligns with the company's strategy of transforming underperforming assets, as demonstrated in National Landing. Despite challenges in the office sector, JBG SMITH sees potential for attractive investment opportunities and aims to apply its redevelopment expertise to create value in the region. The campus's proximity to transportation hubs and its location in a vibrant business ecosystem make it a strategic acquisition for the company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JBG SMITH Properties published the original content used to generate this news brief via Business Wire (Ref. ID: 20250620648784) on June 20, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JBG SMITH Properties published the original content used to generate this news brief via Business Wire (Ref. ID: 20250620648784) on June 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JBGS","symbol_name":"JBG SMITH Properties","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250620:nNDLWRNFt:1","article_id":"2544512720","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544512720","pubTimestamp":1750424426,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"JBG SMITH Properties, a prominent developer and operator of mixed-use properties in the Washington, DC area, has acquired the Tysons Dulles Plaza, a 15-acre office campus in Tysons, Virginia. 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