The JBG Companies, a development company, reported its new headquarters will be located at 4747 Bethesda Avenue, in the heart of downtown Bethesda, Maryland.

According to company officials the complex will be ready in the third quarter of 2019 with JBG SMITH occupying the lower floors. The announcement comes in advance of the merger of The JBG Companies and Vornado/Charles E. Smith into the new public company JBG SMITH.

"Our new headquarters will reflect our corporate goals of collaboration, cutting edge design and efficiency, and environmental sustainability," said W. Matthew Kelly, Managing Partner of JBG and CEO-designate of JBG SMITH. "The Bethesda-Chevy Chase market has been our home base for over 20 years and we're proud of the community relationships and civic partnership we have with the county. The abundance of transit options, fine schools and robust amenities make this a terrific location in which to do business,” Kelly said.

“We are excited to lease space in one of our recently commenced development projects and we are especially appreciative of Montgomery County and the State of Maryland for their efforts and the incentives that will benefit our local economy and our shareholders,” Kelly added.

"We are pleased to welcome JBG to its new headquarters, which is a win for Montgomery County and for Maryland," said Governor Hogan. "This new location keeps more than 230 workers in our state, brings 138 jobs here, and creates 55 brand new jobs, further demonstrating that Maryland is open for business."

"This expansion marks an exciting time for Montgomery County. The choice of downtown Bethesda as the new home of the newly-merged JBG SMITH once again demonstrates the attractiveness of doing business in MoCo," said David Petr, President & CEO, Montgomery County Economic Development Corporation. "A new, world-class building will fuel more interest in locating in this dynamic area, adding tremendous capital investment and significant job growth. I couldn't be happier with the efforts of our business expansion team at the MCEDC and our many partners."