4747 Bethesda Update 05/10/23

JBG Smith Sells 80% Stake In Bethesda HQ For $196M

In their first quarter earning statement, JBG Smith announced the sale of 80% interest in 4747 Bethesda Ave. for $196M. The firm will maintain a 20% interest in the building and continue to manage the 15-story Class A office building. The nearly 300,000-square-foot building opened in 2019 and offers tenant amenities including a rooftop terrace,  bike storage, a state-of-the-art fitness center with top-of-the-line equipment, and shower and locker room facilities. 

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