JBG Smith acquires Tysons Dulles Plaza office campus

JBG Smith (JBGS) announced its acquisition of Tysons Dulles Plaza, a 15-acre office campus in Tysons, Virginia. The three-building campus encompasses approximately 500,000 square feet of offices and 1,553 parking spaces. JBG Smith intends to re-entitle and redevelop one office building for residential use, while enhancing and modernizing the other two for office tenants. The company sees this as an attractive office investment opportunity, applying its mixed-use redevelopment expertise.