Washington Post Co. Explores the Sale of its Downtown Headquarters
February 1, 2013
By: Jonathan O'Connell

Washington Post Co. executives are considering relocating the company from its 63-year-old headquarters in downtown Washington, exploring the sale of the building that saw The Washington Post evolve into one of the country’s top newspapers.

Post Publisher Katharine Weymouth made the announcement in an e-mail to staff Friday morning, saying the goal was “to give us a more modern, bright, open and efficient building that better supports and advances our mission into the future.”

Other major metropolitan media companies have recently sold their dated headquarters, reflecting changing times. While newspapers’ financial prospects have faded and their staffs slimmed, the prospects for their downtown real estate have improved. That’s particularly true in cities such as the District that have experienced a financial comeback and demographic influx led by young professionals. ...

... The Post Co. selected two firms, Studley and JM Zell Partners, as real estate advisers. Executives at Studley declined repeatedly in recent days to explain the scope of work for which The Post Co. had selected them or to confirm their selection. ...

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