Warner BuildingWASHINGTON, DC–Late last year GlobeSt.com reported that JBG Smith had the Warner Building under contract. That transaction has closed with the 613,000-square foot office at 1299 Pennsylvania Ave., NW., trading for $376.5 million, or $606 per square foot, according to the Washington Business Journal.
The REIT sold the property to CBRE Global Investors. It last traded in October 2010 for $445 million. The building is almost fully occupied now but is slated to lose Baker Botts LLP when it moves to Anthem Row in 2020.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
