Washington, D.C.,–based developer JBG SMITH has created a joint venture with Canada Pension Plan Investment Board (CPPIB) to develop and own 1900 N Street, an under-construction office asset consisting of approximately 271,000 square feet in the CBD of Washington, D.C.
CPPIB will commit approximately $101 million for a 45 percent interest based on a total capitalization of approximately $225 million.
The property was 29.6 percent preleased as of the third quarter 2017. JBG SMITH will continue to develop, manage and lease the asset.
