Matt Kelly Of JBG Smith Properties Acquires Office Building In McLean For $42.3M

The property asset involved in this transaction is located at 1410-1430 Spring Hill Road in McLean, VA. It is an office type asset encompassing 489,239 square feet and was sold for a transaction price of $42,300,000, which translates to a price per square foot of $86.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $42,300,000
• Buyer: Matt Kelly - JBG Smith Properties
• Seller: Keith Gelb - Rockpoint Group
• Square Footage: 489,239
• Price per Square Foot: $86
• Sale Date: 05/28/2025
• Market: McLean, VA

JBG Smith Properties, represented by Matt Kelly, acquired the office space from Rockpoint Group, represented by Keith Gelb. This transaction reflects Rockpoint Group's previous investment of $130.25 million in 2017 for the same asset.