JBG said Tuesday it will provide Amazon exclusive rights to buy land properties and lease space at its buildings through an agreement.
Northern Virginia's Arlington is one of the two locations the Seattle-based e-commerce firm picked to house its new headquarters and is expected to see the creation of approximately 25K jobs.
Amazon's “selection of our region from among 238 North American cities is a tremendous endorsement of the strength of the DC region and the promise of National Landing,“ said JBG Smith CEO Matt Kelly.
The agreement calls for JBG to kick off the predevelopment-and-planning phase for the first corporate building this year and start construction work in 2019 as well as serve as Amazon’s development partner, retail leasing agent and property manager.
The HQ transaction at National Landing also includes Amazon's plan to lease about 500K square feet of office spaces and purchase Met 6, 7, 8 and Pen Place land properties in JBG's future development pipeline.