TYSONS CORNER, VA—Gannett Co. is exploring the possibility of selling its corporate headquarters complex here.

CEO Gracia C. Martore told employees on Tuesday of the media company's intent to explore a possible sale of the twin tower, 785,000-square-foot headquarters property, according to the Washington Post.

“This is part of our transition to more efficient use of our real estate across the company,” Gannett spokesman Jeremy Gaines states. If a sale does take place, Gaines adds the company intends to remain in the Washington, DC area.

Gannett is in the midst of separating its operations into two companies—one overseeing its digital and broadcasting businesses and the other for its print newspaper operations. On Tuesday, Gannett reported its fourth quarter revenue rose 24% driven by strong broadcast and digital segment results.

“The terrific progress we've made across each of our businesses since the launch of our transformation plan three years ago culminated in our biggest news of 2014—the announcement of our plan to separate into two highly focused public companies,” Martore said. “Each company will be a leader in its respective industry with impressive scale and greater freedom to focus its strategy and resources on the most promising, value-enhancing areas of the business. We are on track with the separation and will share more details of our plans for the publishing and broadcasting/digital companies in the coming months.” See story in the Washington Post.