Gannett HQ in Tysons Corner Sells for $270M

Tamares Group, a London-based private investment firm, has agreed to acquire Gannett's Tysons Corner HQ for $270M. The deal follows Gannett’s split late last month into two publicly traded media businesses. The company's been trying to move a portion of the 787k SF complex but has struggled to find tenants. The broadcast and digital portion of the split company, Tegna Inc, announced it has signed a deal with Tamares to remain in the building for 18 months, the Washington Business Journal reports. The new Gannett, the print side of the split company, will continue sharing the HQ with Tegna and its 12-year lease agreement with Tegna will be transferred over to Tamares. CBRE brokered the deal, which is expected to close later this year. Gannett moved into the complex at 7950 Jones Branch Dr, which cost about $300M to build, in 2001. [WBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

What's At Stake For CRE In Tuesday's U.S. Midterm

Salesforce Plans Innovation Hub Downtown: The D.C. Deal Sheet

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Master Plan Is Underway For Southwest D.C., Chief Federal Planner Says

BXP Execs See Better Returns In Building Offices Than Buying Them

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

The Las Vegas-Style Sphere Just Outside D.C. Is A Go

The 'Zombie' Building Mirage: How Owners Who Can't Transact Are Stirring The Market

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Coffee Shop Signs Lease At Downtown Trophy: The D.C. Deal Sheet