The Warner Building has officially changed hands.
JBG Smith Properties Inc. (NYSE: JBGS) has sold the 621,000-square-foot office building, located at 1299 Pennsylvania Ave. NW, to an affiliate of CBRE Global Investors for $376.5 million, according to the D.C. Recorder of Deeds. The 13-story Warner building is the 23rd-largest office building in Greater Washington, per WBJ research.
The deal works out to about $606 per square foot.
While the Warner Theatre, originally called the Earle Theatre,…
