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WeWork Signs Lease for Over 83,000 Square-Feet at CEB Tower at Central Place in Rosslyn, Virginia

December 19, 2018

CHEVY CHASE, Md.--(BUSINESS WIRE)--Dec 19, 2018--JBG SMITH Properties (NYSE: JBGS), a leading owner and developer of high-quality, mixed use properties in the Washington, DC market, is pleased to announce that WeWork has signed a four-floor, 83,294 square foot lease at CEB Tower at Central Place in Rosslyn, Virginia. The 31-story, mixed-use building is one of the tallest buildings in the region and home to the Observation Deck at Central Place.

The office tower at Central Place, created by the award-winning architectural firm Beyer Blinder Belle, is a graceful presence of steel and glass, capped by a dramatic observation deck. Office space begins eight floors above street level and totals 525,000 square feet.

“We are thrilled that WeWork has selected CEB Tower at Central Place for its Rosslyn location,” said David Ritchey, Executive Vice President at JBG SMITH. “We delivered CEB Tower earlier this year, and with the WeWork lease, it is now 93% leased. Our leasing pace is a testament to the exciting mixed-use environment that we have created in Rosslyn. With over 45,000 square feet of inspiring dining and retail space along with an outdoor public plaza, CEB Tower offers a world-class environment for tenants.”

WeWork will occupy floors 25 through 28 with an anticipated opening in the second quarter of 2019.

“WeWork is excited to partner with JBG SMITH on our first location in Rosslyn at 1201 Wilson Boulevard. The demand we’ve experienced for this location has been unprecedented, and we look forward to welcoming new industries into the WeWork community,” said Alexis Miller, Director of Business Operations, Northeast and Mid-Atlantic at WeWork.

Greg Lubar, Andy O’Brien and Zach Boroson with JLL represented WeWork in the transaction. Jill Goubeaux, Terry Reiley, Caroline Bour and Anna Faktorow with CBRE represented JBG SMITH.

CEB Tower at Central Place delivered in mid-2018, and as of the third quarter of 2018 was 77.9% leased to tenants including Gartner and Accenture.

About JBG SMITH

JBG SMITH is an S&P 400 company that owns, operates, invests in and develops assets concentrated in leading urban infill submarkets in and around Washington, DC. Our mixed-use operating portfolio comprises approximately 19 million square feet of high-quality office, multifamily and retail assets, 98% of which are Metro-served. With a focus on placemaking, JBG SMITH drives synergies across the portfolio and creates amenity-rich, walkable neighborhoods. JBG SMITH’s future development pipeline includes over 19 million square feet of potential development density. For additional information on JBG SMITH please visit www.jbgsmith.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181219005779/en/

CONTACT: Jaime Marcus

SVP, Investor Relations

(240) 333-3643

jmarcus@jbgsmith.com

KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA MARYLAND

INDUSTRY KEYWORD: ARCHITECTURE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY FINANCE PROFESSIONAL SERVICES REIT

SOURCE: JBG SMITH

Copyright Business Wire 2018.

PUB: 12/19/2018 03:50 PM/DISC: 12/19/2018 04:30 PM

http://www.businesswire.com/news/home/20181219005779/en

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