(June 23, 2016) – Savills Studley, the leading global commercial real estate firm, is pleased to announce that its client, Graham Holdings Company [NYSE:GHC], recently closed on the disposition of its two Robinson Terminal development sites in Old Town Alexandria, VA.
“Graham Holdings is pleased to have completed the process which will allow the two waterfront sites to be redeveloped, and significantly contribute to the transformation of Old Town Alexandria’s Waterfront,” said Hal S. Jones, Senior Vice President, Finance and Chief Financial Officer, Graham Holdings Company.
The 3.2 acre Robinson Terminal North site, located on the Potomac River at the north end of Old Town Alexandria, was purchased by City Interests and Rooney Properties. The joint venture intends to construct a mixed-use project of 66 multi-family units, a 132-key hotel and 25,000 square feet of retail space including a riverside restaurant.
The Robinson Terminal South site, which comprises an entire city block along the Potomac River in the southeast quadrant of Old Town Alexandria, was purchased by a separate joint venture between EYA and the JBG Companies. The partners intend to construct 70 multi-family units, 26 townhomes, and three restaurants.
Savills Studley’s Executive Vice President Art Greenberg, Executive Managing Director Vernon Knarr and Managing Director Parker Lange, represented Graham Holdings throughout the transaction.
About Graham Holdings Company (www.ghco.com)
Graham Holdings Company (NYSE:GHC) is a diversified education and media company whose operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; and manufacturing. The Company owns Kaplan, a leading global provider of educational services; Graham Media Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio, WJXT–Jacksonville, and SocialNewsDesk); The Slate Group (Slate and Panoply); and Foreign Policy. The Company also owns SocialCode, a leading social marketing solutions company; Celtic Healthcare and Residential Healthcare Group, home health and hospice providers; Group Dekko, a manufacturer of electrical solutions for workspace power solutions, architectural lighting, electrical components and assemblies; Joyce/Dayton Corp., a manufacturer of screw jacks, linear actuators and lifting systems; and Forney Corporation, a manufacturer of burners, igniters, dampers and controls for combustion processes in electric utility and industrial applications.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals in over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L). For more information, please visit www.savills-studley.com.
