Washington Post building to be sold for $159 mn

The Washington Post's headquarters building is reportedly being sold to a real estate development company for 159 million dollars.

The company announced a deal to sell the downtown Washington building to Carr Properties by end of March 2014, Politico reports.

Graham Holdings Co. is the former parent of The Washington Post newspaper, the report added

The company, meanwhile, said that the newspaper will continue to lease space in the building at least till September 2015.

The newspaper is now owned by Amazon.com founder Jeffrey Bezos.