JBG Smith Sells 322-unit, 18-story luxury tower in Bethesda for $194M ($602k/unit) to Peterson Cos.

3/3/2025

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MHN

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Highrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: JBG Smith (NYSE: JBGS), Jones Lang LaSalle (NYSE: JLL), Peterson Companies

Peterson Cos. has acquired the 322-unit luxury asset at 8001 Woodmont Ave., Bethesda, Md., for $194 million. JLL represented the seller, JBG Smith Properties. This deal marked JBG Smith’s exit from the Bethesda market, as well as Peterson’s fifth national multifamily acquisition during the past 18 months, according to Washington Business Journal.