Exan Capital acquired Executive Tower from JBG Smith Properties (NYSE:JBGS) for approximately $120 million on September 24, 2018. Exan paid $931 per square foot for 130,372 square-foot building in its purchase of Executive Tower. JBG SMITH will use the proceeds to deleverage its balance sheet and create capacity for future investment opportunities. Collins Ege and Nicholas Pappas of Eastdil Secured represented JBG SMITH in the sale of Executive Tower. Exan Capital completed the acquisition of Executive Tower from JBG Smith Properties (NYSE:JBGS) on September 24, 2018.