TEGNA announced today that it has sold its corporate headquarters in McLean, Va. for $270 million.
The buyer was private investment group Tamares. TEGNA will stay in a portion of the building for the next 18 months as part of the deal.
“This agreement is a continuation of our goal to optimize our real estate portfolio across the company and allows us to transition to better use of space for our corporate headquarters,” said Gracia Martore, president and CEO of TEGNA. “TEGNA remains committed to staying in the Washington, D.C. area and a process is underway to find the most appropriate space to meet our company needs. We are pleased that Tamares will be taking over ownership of a great building and look forward to working with them over the coming months.”