JBG Smith, the master master developer for Virginia Tech’s $1 billion Innovation Campus, just signed a deal to design, construct, manage and own 2 million square feet of mix-used property at Potomac Yard.
“Institutional investors advised by (project financial manager) J.P. Morgan Global Alternatives contributed a land site that is entitled for approximately 1.3 million square feet of development it controls at Potomac Yard Landbay F (North Potomac Yard), while JBG SMITH contributed adjacent land with more than 700,000 square feet of development capacity at Potomac Yard, Landbay G (the Town Center),” JBG Smith said in a release.