TEGNA Inc (TGNA) Tops Q2 EPS by 24c

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Go back to TEGNA Inc (TGNA) Tops Q2 EPS by 24c

TEGNA to sell McLean, VA headquarters to Tamares

July 21, 2015 9:15 AM EDT

MCLEAN, Va.--(BUSINESS WIRE)-- TEGNA Inc. (NYSE: TGNA) today announced it has signed a contract to sell its company headquarters for $270 million to Tamares, a private investment group established to make long-term investments in real estate, technology and the leisure industries. The deal is expected to close late in the third quarter or early in the fourth quarter of this year.

As part of the proposed deal, TEGNA will continue to occupy a portion of the building for 18 months.

This agreement is a continuation of our goal to optimize our real... More