In the wake of the Washington Post. Co.'s $250 million sale of its newspaper publishing business to Amazon.com Inc. founder Jeffrey P. Bezos on Monday, the company said a planned headquarters relocation will not happen soon and that it will lease back its current home...
Washington Post executives had been on a public hunt for new office space since February, but in the aftermath of the ownership change, the company won't be moving out of its iconic headquarters in the “near term,” the company said in a Monday memo sent to Law360. Instead, a rental deal has been struck with the newspaper building's current owners.
In February, the Washington Post had hired Studley Inc. and JM Zell Partners Ltd. as advisers for a possible move, and was interviewing space planners and architects. The company said it was looking for a more modern and efficient space, which would also be economically beneficial to the floundering publisher's bottom line.
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