Penzance Management, LLC acquired 255,000 square feet Rosslyn Gateway from JBG SMITH Properties (NYSE:JBGS) and others for $52 million on November 14, 2023. JBG SMITH Properties sold 18% ownership stake in Rosslyn Gateway for $9.36 million. Cushman and Wakefield brokered the transaction and supported the acquisition financing efforts.

Penzance Management, LLC completed the acquisition of 255,000 square feet Rosslyn Gateway from JBG SMITH Properties (NYSE:JBGS) and others on November 14, 2023.