WASHINGTON, DC—The Washington Post has selected One Franklin Square for its new heaquarters, the newspaper announced on Friday. Located at 1301 K Street, NW, the 12-story, 625,644-square-foot building is owned and managed by Hines. Other tenants in the building include Dentons, Reed Smith LLP Pricewaterhouse Coopers and Xerox Corp—a change for the WaPo, which has been the sole occupier of its current building at 15th and L street, NW, owned by Carr Properties.
Where the Washington Post would move has been the subject of rabid speculation in the local real estate community since last year.
The paper conducted an extensive search led by JM Zell, according to a statement by Katharine Weymouth, publisher and CEO of the paper that ran in its Friday edition. The building it eventually found is "a modern, light-filled building that best meets all of our objectives. The space encourages collaboration and efficiency, which will ultimately help us better serve our customers."
Weymouth did not say how much space the paper will take when it moves into the building in 2016.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
