The JBG Companies Eyes New Headquarters In Bethesda, Maryland
07/13/2017
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."
Project Announcements
KBR Expands Davis County, Utah, Operations
04/15/2025
TL+CO Business Solutions Plans Seabrook, South Carolina, Production Operations
04/12/2025
Paragon Metal Fabricators Plans Falmouth, Kentucky, Manufacturing Operations
04/12/2025
Morris Packaging Plans Marion County, Kentucky, Production Operations
04/12/2025
Bailey Manufacturing Company Plans Laurinburg, North Carolina, Production Operations
04/11/2025
Palmetto Plastics Innovations Plans Hardeeville, South Carolina, Manufacturing Operations
04/11/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
The Location Economics of Advanced Nuclear
Q1 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Designing Beyond the Assembly Line
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025