Housing Complex

Washington Post Building to Be Sold to Carr Properties

The Washington Post Building

First, the Washington Post Co. shed the Washington Post. Then it shed its name. And now, finally, it has rid itself of the aging property that serves as its headquarters.

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

  • Me

    What do you expect from a bunch of hacks publishing rags?

  • Jeff C

    He bought the newspaper for $250 million and the newspaper owned a $160 million building. That makes the newspaper itself worth $90 million. I know this assumes no liens were attached to the building but still.....

  • ACyclistInTheSuburbs

    Jeff C

    I think its graham holdings that sold the building, not Bezos. Ie when Bezos bought the paper for 260m Graham retained the building, which they have now sold for 160m.

  • Chris hauser

    A foolish arithmetic is the hobgoblin of little sums.

    I hope their new offices are in Gaithersburg.

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