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WeWork to lease space at JBG SMITH's mixed-use Rosslyn, Va., building

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WeWork to lease space at JBG SMITH's mixed-use Rosslyn, Va., building

Coworking giant WeWork Cos. Inc. will occupy 83,294 square feet of space at JBG Smith Properties' mixed-use building in Rosslyn, Va., and will open two other locations in Seattle and Chicago.

JBG SMITH, which owns a mixed-use property portfolio in and around Washington, D.C., said it expects WeWork to move into floors 25 to 28 of the 31-story CEB Tower at Central Place at 1201 Wilson Blvd. in Rosslyn during the second quarter of 2019. The building was delivered in mid-2018 and was 77.9% leased as of the third quarter.

WeWork will also occupy the entire building at 1525 11th Ave. on Seattle's Capitol Hill, which previously housed a Value Village store, the Puget Sound Business Journal reported. The Kelly Springfield Building, recently redeveloped by real estate company Legacy Commercial, has more than 73,000 square feet of office space and almost 13,000 square feet of retail space. WeWork told the Journal that it expects to open the Capitol Hill site in summer 2019, and the property could house WeWork's first retail store in Seattle.

Crain's Chicago Business also reported that WeWork will lease more than 60,000 square feet on the 15th and 16th floors at 222 S. Riverside Plaza in 2019, marking its ninth location in downtown Chicago. A venture of Frankfurt-based DWS, formerly known as Deutsche Bank Asset & Wealth Management, owns the property.

WeWork confirmed the Chicago lease, while a DWS spokeswoman declined to comment on the matter, according to Crain's.

JLL represented WeWork in the JBG SMITH lease transaction, while CBRE represented JBG SMITH.