JBG Smith Looking To Sell Wiehle-Reston East Development Site With 1.5M SF Of Potential

Vornado Wiehle Reston plan
A Rendering Of The Project Vornado Got Approved At The Wiehle-Reston East Site

A three-building, 11.5-acre site near the Wiehle-Reston East Metro station with another 1.5M SF of development potential has just hit the market.

JBG Smith retained CBRE to market the site, Commerce Executive Park, to prospective buyers, the Washington Business Journal reports.

The property belonged to Vornado before it merged with The JBG Cos. to form the region's largest development company. Vornado received county approval last year to build a 1.5M SF development on the site that would include 500 residential units, a 385K SF office building and a 175-room hotel.

JBG Smith also brought on CBRE to market another two-building, 291K SF Reston office property. The developer has begun to shed some of its properties since the merger, recently selling its Mark Center portfolio in Alexandria for $509M.

The Wiehle-Reston East station, the eastern terminus of the Silver Line until Phase 2 opens, has a ton of development in its pipeline. Before the merger, JBG had planned a 1.6M SF development on a 17.5-acre site near the station in partnership with EYA and Chevy Chase Land Co. It is unclear if it is also seeking to sell that site or continue with the plans. Comstock Partners is planning a 761K SF mixed-use project near its 1.5M SF Reston Station development. Rooney Properties has two projects planned near the station, totaling 418 units.

UPDATE, OCT. 13, 3:30 P.M. EST: The 17.5-acre Reston development JBG Smith has planned with EYA and Chevy Chase Land Co., dubbed Midline, is not on the market for sale, a spokesperson confirmed to Bisnow. 

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

King Of Prussia Pursues Stadium To Anchor $200M Mixed-Use Complex

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

Montgomery County Approves 18-Month Data Center Moratorium

With New $250M Deal, Elme Is Fully Set To Liquidate

Simpson Thacher Appears In Talks For What Could Be One Of D.C.'s Largest Office Leases In 2026

Hines Nabs 4 Prince William Housing Sites: The D.C. Deal Sheet

1200 White St., Atlanta's Newest Creative Hub, Is Transforming The West End

AvalonBay Sells 217-Unit Community Next To Greensboro Metro

GSA Head Says Federal Government Has 'Place To Play' In Southwest D.C. Redevelopment

Downtown D.C. Office In Receivership Hits Market For Conversion