Arlington County and developer JBG Smith have entered into a letter of intent to restructure three ground leases that JBG Smith holds on government-owned land for a multiplex movie theater at 2100/2200 Clarendon Boulevard and office space at 2300 Clarendon Boulevard.
While the county owns the land, JBG Smith owns the buildings. The letter of intent provides JBG Smith the option to extend the land leases from their current expiration date in 2062 until 2119. The county leases the majority of one of the two office buildings occupying the ground lease, with the remaining office space and AMC Courthouse Plaza 8 being leased to other entities through JBG Smith.
