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The company, now known as the Graham Holdings Company, will sell its flagship building and land on 15th Street NW to developer Carr Properties for about $159 million, according to a company press release. Carr owns several prominent buildings in and around downtown D.C., including a neighboring building to the Post headquarters at 1100 15th St. NW; as part of the new deal, Carr will also purchase the land under that building.
The sale frees the erstwhile Washington Post Co. to move to a new site better suited to its leaner needs. Separately, the Post newspaper, now owned by Amazon founder Jeff Bezos, is expected to find a new home soon.
The sale to Carr will take place after a due diligence period and is expected to be finalized around March, according to the press release.
Photo by Darrow Montgomery