National Cooperative Bank Signs Deal To Stay In 'National Landing'

2011 Crystal Drive
The Office Building At 2011 Crystal Drive

JBG Smith, just weeks removed from winning D.C.'s biggest economic prize in a generation in Crystal City, is already reaping side benefits.

The REIT signed National Cooperative Bank to a 15-year extension on its 66K SF lease at 2011 Crystal Drive, it announced Monday. The building is a few blocks from where Amazon is leasing space from JBG Smith for Phase 1 of its HQ2 requirement.

The bank has been in Crystal City for more than a decade, initially moving to take advantage of the value proposition. Now, it is poised to benefit from the surge of young workers that will come to the area, as well as the increased brand recognition.

JBG Smith announced the deal as a new lease in "National Landing," the rebranded neighborhood that combines pieces of Pentagon City, Crystal City and Potomac Yard. It did not release when the extension was negotiated or how related it was to Amazon's decision.

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

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

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

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

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

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

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

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters