Developer JBG Announces New Headquarters in Downtown Bethesda

Company says preference will keep hundreds of jobs in Montgomery County

Rendering of designed building during 4747 Bethesda Ave.

Rendering of designed building during 4747 Bethesda Ave.

Via JBG Cos.

JBG Cos. on Wednesday suggested it will pierce a domicile from Chevy Chase to an bureau building underneath growth during 4747 Bethesda Ave. in Bethesda.

The 14-story building that JBG aims to finish in 2019 will persevere 280,000 block feet to bureau space and 7,000 block feet to retail, according to a press release. The proclamation came as JBG is scheming to combine with Vornado/Charles E. Smith and indicated that a new entity called JBG Smith will pierce into a building’s reduce floors.

“The contentment of movement options, excellent schools and strong amenities make this a superb plcae in that to do business,” W. Matthew Kelly, JBG handling partner, pronounced in a prepared statement.

The domicile preference will keep some-more than 230 employees in Maryland, move 138 additional jobs to a state and emanate 55 new positions, according to a release. JBC Cos., a region’s largest growth company, is now formed during 4445 Willard Ave. in Chevy Chase.

Gov. Larry Hogan called JBG’s preference a “win for Montgomery County and for Maryland,” and County Executive Ike Leggett pronounced a developer has “contributed immensely to a region’s community-building and mercantile vitality,” a recover stated.

JBG mouthpiece Julie Chase pronounced a association had deliberate relocating outward a state.

“We’re always looking around a DMV, so we were looking during other locations,” she said.

The bureau building during a dilemma of Woodmont and Bethesda avenues will mount subsequent to another JBG plan during 4749 Bethesda Ave., a plcae that will accommodate gourmet food tradesman Dean DeLuca.

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