Will JBG Smith End Up as the Winner in the Amazon HQ2 Race?
October 31, 2018 / John Egan
As commercial real estate professionals, economic development officials and others eagerly await Amazon’s decision about which place will snag the e-commerce giant’s second corporate headquarters, more eyes are turning to one East Coast REIT as a potential winner of the $5 billion, 50,000-job prize. At this point, no one knows where Amazon HQ2 will land, but rising speculation centers on one candidate Northern Virginia’s Crystal City neighborhood, just south of Washington, D.C. And JBG Smith Properties, whose headquarters is in nearby Chevy Chase, Md., stands to benefit tremendously if Amazon selects Crystal City, as the REIT owns more than 20 properties there comprising over 7 million sq. ft. of office, retail, multifamily and hotel space.