Washington Post headquarters building sold for $159 million

WASHINGTON Wed Nov 27, 2013 9:30pm EST

A television cameraman takes up a position as people walk by the entrance of the Washington Post headquarters in Washington, August 5, 2013. REUTERS/Stelios Varias

A television cameraman takes up a position as people walk by the entrance of the Washington Post headquarters in Washington, August 5, 2013.

Credit: Reuters/Stelios Varias

WASHINGTON (Reuters) - The headquarters of the Washington Post is being sold to Carr Properties, a real estate investment company, for about $159 million, the newspaper's former owner said on Wednesday.

Graham Holdings Co, which sold the Post to Amazon founder Jeffrey Bezos for $250 million in August, said in a statement the sale of the headquarters in downtown Washington was scheduled to be completed in March and included land next to the building.

The Post will rent its newsroom from the building's new owner while it looks for a new headquarters.

Graham Holdings, owned by Donald Graham and his family, former owners of the paper, operates businesses including Kaplan education services, and online, print and television news.

Formerly the Washington Post Co, the company's new name and stock symbol become official on Friday.

(Reporting by Margaret Chadbourn; Editing by Peter Cooney)