JBG SMITH completed the acquisition of Tysons Dulles Plaza.

JBG SMITH, an owner, operator, and developer of mixed-use properties, completed the acquisition of Tysons Dulles Plaza, a 15-acre office campus. Financial terms were not disclosed. “Notwithstanding regional economic headwinds and the negative impact of remote work on the office sector, we see distress leading to extremely attractive office investment opportunities for the first time in more than a decade. We are actively exploring additional office investments, similar to Tysons Dulles Plaza, especially where we can apply our proven mixed-used redevelopment expertise,” George Xanders, JBG SMITH Chief Investment Officer.