Growing 40,000 SF News Operation in tired, inefficient space;

Separate, Related 30,000 SF Business Unit;

Immediate Need for Growth Space

Consolidate or Separate?

Retain Future Flexibility

Simultaneous Negotiations for Separate & Consolidated Facilities;

Maximize Negotiating Leverage with Multiple Options;

Reduce Capital Expenses Through Keeping “Startup” Entity in Place

Move BLP News Unit to Efficient New Space in 1101 NY Ave, NW;

Extend Industry Group Business Unit at 1101 K Street, NW;

Co-terminus Lease Terms, Allowing for Future Consolidation Options