ALEXANDRIA, VA – Owner and developer, JBG Smith has acquired seven blocks of Citizens Broadband Radio Service spectrum spanning across Arlington County and the city of Alexandria. The owner and developer purchased the licenses through a national FCC auction, which concluded in late August.
The investment is part of a broader initiative to establish National Landing as an innovative district and one of the nation's first 5G cities. The acquisition of spectrum furthers JBG Smith's ability to partner with leading service providers to offer 5G and other technology infrastructure within the district.
A subsidiary of JBG Smith, SEAD LLC, purchased the seven licenses, which span more than 16.2 million square feet, for $25.3 million.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
