Graham Holdings, the former parent company of the
Washington Post,
has agreed to sell the newspaper’s headquarters building to Carr Properties for $159 million,
the
Post
reported.
The newspaper, which the Graham family sold to Amazon co-founder Jeffrey Bezos, will rent space in the building until it finds a new headquarters, the
Post
article said.
The sale also includes the land beneath an office building that Carr already owns, the
Post
article said.
Carr Properties is a family enterprise founded 51 years ago by Oliver T. Carr Jr. Israeli real estate investment company Alony Hetz Properties recently invested $300 million in Carr, which “has been on a buying spree” since then, the
Post
reported. Oliver T. Carr III is Carr Properties’ president and CEO.
Graham Holdings is also selling two Robinson Terminal warehouses in Alexandria, Va., the article said. (Source:
Washington Post,
Nov. 28, 2013.)
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