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JBG Smith sells Washington, DC, property for $376.5M

JBG Smith Properties sold the Warner Building in Washington, D.C., to an affiliate of CBRE Global Investors for $376.5 million, the Washington Business Journal reported, citing the D.C. Recorder of Deeds.

The 621,000-square-foot office building at 1299 Pennsylvania Ave. NW is almost fully leased at present, with major tenant Baker Botts LLP slated to move out in March 2020, according to the Dec. 31, 2018, report.

JBG also recently sold another Washington, D.C., property for $385.4 million in a joint venture with JP Morgan Asset Management.