Tegna To Sell McLean HQ for $270 Million

Tegna, formerly Gannett, will sell its McLean, Virginia, headquarters for $270 million to private investment group Tamares, Tegna said in a news release Tuesday. The deal is expected to close in late Q3 or early Q4, the broadcaster said. Tegna said it will continue to occupy part of the building for 18 months. The deal allows Tegna to “optimize” its real estate portfolio, it said. “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.”