The Canada Pension Plan Investment Board (CPPIB) is joining Chevy Chase, MD-based JBG Smith (NYSE: JBGS) in a joint venture to develop and own a 271,067-square-foot, 11-story office building currently under construction at 1900 N St., NW in the central business district of Washington, D.C.
CPPIB will commit approximately $101 million to acquire a 45% interest in the project, based on a total capitalization of about $225 million. JBG Smith will...
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