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Sunday, February 9, 2014

JBG Closes New Joint Venture With STRS Ohio

Arlington County:
“The JBG Companies has closed on a new joint venture partnership with the State Teachers Retirement System of Ohio to develop Central Place in Rosslyn, Va. Central Place, between North Lynn and North Moore streets in Arlington County, is located adjacent to the Rosslyn Metro station. It is a 31-story, mixed-use development that will feature 377 impeccably-designed residences, 25,230 square feet of retail space and a 15,000-square-foot public plaza.

At 355 feet tall, Central Place will be a striking addition to the Virginia skyline and offer some of the most spectacular views available of the nation’s capital. It will be the tallest building in JBG’s development portfolio. ‘Central Place is a great addition to JBG’s place-making work in Arlington County, and we are very pleased to be partnering with a very well-respected institutional investor in STRS Ohio,’ said Andrew VanHorn, a JBG Senior Vice President. This is JBG’s first joint venture with STRS Ohio.

Site preparation work is underway, and construction is expected to begin in earnest in a few months. Central Place is one of JBG’s many mixed-use developments in Arlington since Sedona Slate, which delivered in April 2013.”
~Writes Alexandria News

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