Gannett exploring sale of Tysons headquarters – The Post
My former employer of many years, Gannett Co. Inc. and publisher of USA Today is thinking of selling its Tysons (McLean mailing address) headquarters again. This seems to come up at least once a year, but now it’s official from the CEO’s mouth. They simply do not need all the office space with a very different business model than when the building was designed in the 1990s. The company splitting in two – broadcast/digital and newspapers (with none of the company debt) as well.
The building location could be a bit of a disadvantage — while Tysons is seeing a lot of new construction, most of it is right along the Silver Line and 7950 Jones Branch Drive isn’t within a half-mile of a station. The World Bank was rumored to be interested at one point, but that fizzled. ExxonMobil and SAIC is also looking to unload their Fairfax County campuses. I’m not sure the amenities like a walking path around a large stormwater retention pond are that big of a selling point. I do miss “walk time” with my former colleagues though.
As for a new location, the opportunity to move back to Arlington is there since that office market is depressed right now. For about 19 years, USA Today was headquartered at 1000 Wilson Blvd. in Rosslyn and Gannett spent 15 years next door in the twin tower at 1100. The tallest building in that skyline is vacant (Wash. Biz Journal) and probably wouldn’t mind a big brand name tenant. The current Corporate Executive Board building will also be vacated when that organization moves into a new tower at the site of the old Orleans House.
It seemed like half my colleagues lived in Ashburn so they might have a retention problem with a move like that, though the Silver Line might be finished out that way by then. Of course, selling the current Gannett/USA Today building and then leasing space could be an option. I’m just a spectator on this one, but had I still been with Gannett I’d have been hoping for move.