Politico is planning to part ways with its broadcast co-tenants WJLA and NewsChannel 8 now that Sinclair Broadcast Group Inc. has completed its deal to buy the broadcast stations from Allbritton Communications Co. for $985 million.
Rest assured, the print publication, launched by Robert Allbritton, isn't going far. Politico's parent company, Capitol News Co. LLC, has signed a long-term lease with Monday Properties for about 72,000 square feet at 1000 Wilson Blvd., one of Rosslyn's two Twin Towers buildings, after an extensive search for other potential options. The publication will be moving out of space it has shared with Allbritton's broadcast stations at 1100 Wilson, Monday Properties President and Chief Operating Officer Tim Helmig told me earlier today...
The deal positions Politico for additional growth now that Allbritton has shed its broadcast stations, as was part of Allbritton's plans when it announced more than a year ago that it was seeking buyers for its television stations. Capitol News retained Studley Inc. to help it seek alternative space after Sinclair announced its plans to acquire the Allbritton broadcast stations in July 2013. Savills Studley brokers Tom Fulcher, Art Greenberg and Adam Brecher represented Capitol News in the lease. Newmark Grubb Knight Frank brokers Brendan Owen, Ed Clark and Steve Hoffeditz represented Monday Properties along with John Wharton.Politico inks lease for new headquarters space in Rosslyn
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