Multi-billionaire Amazon.com founder and tech guru Jeff Bezos shocked the media and tech industries again this week when he agreed to buy The Washington Post from its longtime owners, the Graham family, for $250 million. In addition to getting the nation’s capital largest and most widely circulated morning daily and Sunday newspaper, the deal includes a fistful of offices, warehouses and development land in metro Washington, DC ...
The sale of the newspaper to Bezos will exclude the Washington Post’s three primary real estate assets in the Washington, DC, central business district:
- 1150 15th St. NW, a 9-story, 340,000-square-foot office building;
- 1515 L St. NW, a 7-story, 105,000-square-foot office building ;and
- 1523 L St. NW (Lenox Bldg), a 7-story, 23,000-square-foot office building.
Those properties are still being actively marketed for sale as a portfolio through JM Zell Partners and Studley as listing brokers. No asking price has been disclosed. Had those properties been included the sale would have been an even bigger bargain ...
Here also, the Washington Post Co. is actively marketing these three properties for sale as a portfolio through Studley as listing broker. Given their prominent location on the Alexandria waterfront, the property is believed to have significant redevelopment value.
The Post Sale: Washington Post Sales Includes HQ Lease Options