The JBG Cos., a Chevy Chase, MD-based development firm, acquired the eight-story Jefferson Court building in Washington, DC, from NSP Ventures Corp. for $80.5 million, or about $255 per square foot.
Jefferson Court delivered in 1984 at 1025 Thomas Jefferson St., across the street from the Washington Harbor. It totals 315,628 square feet and is anchored by the offices of J Street Cos.
JBG plans to improve the lobby and common areas and will explore the possibility of adding first-floor retail space
Dek Potts, James Meisel, Stephen Conley, Andrew Weir and Matt Nicholson from HFF along with a team from J Street Cos. represented the seller.
Please see Costar COMPS #2508348 for more information on this transaction.