Fortune 500 Firm Renews and Expands at 1550 Crystal Drive
CHEVY CHASE, Md.–(BUSINESS WIRE)–JBG SMITH Properties (NYSE: JBGS), a leading owner and developer of
high-quality, mixed-use properties in the Washington, DC market, today
announced that Booz Allen Hamilton (NYSE: BAH) has renewed and expanded
its presence at 1550 Crystal Drive in National Landing. Commencing in
September of this year, the consulting firm will occupy a total of
84,000 square feet.
Booz Allen Hamilton is a global firm of almost 25,000 people in 80
locations. The solutions-oriented management company has been providing
consulting, analytics, digital solutions, engineering, and cyber
services for more than 100 years to industries ranging from defense to
health to energy to international development.
“It’s an honor to continue to provide this marquis organization a
significant office presence on Crystal Drive,” said David Ritchey,
Executive Vice President at JBG SMITH. “Booz Allen Hamilton has
benefitted from this stellar location for many years, but this renewal
means they can enjoy the exciting changes coming soon to National
“Booz Allen is excited to continue our long-standing partnership with
JBG SMITH in Crystal City (National Landing),” said Deane Edelman, Vice
President of Real Estate for Booz Allen Hamilton. “It reflects our
commitment to maintaining our presence in this established yet vibrant
and growing market.”
Ritchey continued, “We are also grateful to CBRE and Cathy Delcoco for
their instrumental role in this transaction.”
1550 Crystal Drive is centrally located in National Landing in the heart
of the Central District Retail development now under construction. The
109,000-square-foot street-facing retail complex is anchored by the
highly-anticipated 49,000-square-foot Alamo Drafthouse and will include
a specialty grocer and numerous other restaurants, bars, retailers and
experiential offerings. 1550 Crystal Drive is also undergoing a
significant renovation of the lobby and common areas, which includes the
addition of a new tenant-only terrace located directly above the retail.
1550 Crystal Drive is now 92% leased.
JBG SMITH provides property management and leasing services.
About National Landing
National Landing is the newly defined interconnected and walkable
neighborhood that encompasses Crystal City, the eastern portion of
Pentagon City and the northern portion of Potomac Yard. It is situated
across the Potomac River from Washington, DC and is one of the region’s
best-located urban mixed-use communities. It is defined by its central
and easily accessible location, its adjacency to Reagan National
Airport, and its base of existing offices, apartments and hotels.
National Landing enjoys ready access to a deep pool of young, highly
educated and tech-savvy workers, an abundant supply of affordable office
space, diverse housing options, an unparalleled transportation network,
and plentiful green space. For more information on National Landing
please visit www.nationallanding.com.
About JBG SMITH
JBG SMITH is an S&P 400 company that owns, operates, invests in and
develops assets concentrated in leading urban infill submarkets in and
around Washington, DC. Our mixed-use operating portfolio comprises
approximately 19 million square feet of high-quality office, multifamily
and retail assets, 98% of which are Metro-served. With a focus on
placemaking, JBG SMITH drives synergies across the portfolio and creates
amenity-rich, walkable neighborhoods. JBG SMITH’s future development
pipeline includes over 19 million square feet of potential development
density. For additional information on JBG SMITH please visit www.jbgsmith.com.
SVP, Investor Relations