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Pebblebrook to move HQ to high-profile Bethesda Ave. property

Pebblebrook Hotel Trust, fresh off the acquisition of a fellow Bethesda-based hospitality REIT, is moving its headquarters across Wisconsin Avenue.

JBG Smith Properties (NYSE: JBGS) announced Tuesday that Pebblebrook (NYSE: PEB) will relocate to 16,000 square feet at the Chevy Chase developer’s 4747 Bethesda Ave., a 15-story trophy office building in downtown Bethesda that’s expected to be completed this year.

Terms of the lease were not disclosed.

Pebblebrook, which closed its $5.2 billion acquisition of LaSalle Hotel Properties in November, is currently headquartered at 7315 Wisconsin Ave. — about two-tenths of a mile from its new digs. Employees remaining at LaSalle’s office at 7550 Wisconsin Ave. also will relocate.

Pebblebrook’s planned HQ move brings 4747 Bethesda Ave. to 83 percent pre-leased. Booz Allen Hamilton has already signed on for about 65,000 square feet, while Host Hotels & Resorts will take 55,000 square feet for its new headquarters. JBG Smith itself…

Read the full story from the Washington Business Journal.