Photo of Discovery’s headquarters with the famous Chompy by Flickr user and ©GlynLowe.com, published under a Creative Commons license.
Discovery Communications has sold its headquarters building in downtown Silver Spring, according to reports.
The radio station cites the Washington Business Journal, which broke the news in a subscriber-only story, as saying the price was $70 million.
WTOP also quotes Cameron Pratt, chief executive of Foulger-Pratt, saying, “When the opportunity to purchase such an iconic, centrally-located building in downtown Silver Spring became available earlier this year, we knew this was an investment we could not pass up.
“We’re looking forward to re-envisioning the property and welcoming future tenants to Silver Spring,” the report continued.
Foulger-Pratt was the developer of the Downtown Silver Spring redevelopment near its new building, and also owns Silver Spring Metro Center.
The company intends to renovate the building, the WTOP report said, with “updates to the exterior facade, new streetscaping and new amenities.”
In June, Discovery announced its new headquarters would be located in leased space at 230 Park Ave. South in Manhattan.
The company agreed to move to the Silver Spring location in October, 1998 and the building opened in the spring of 2003.
Hendricks later founded CuriosityStream, a service offering streaming documentaries that’s also based in Silver Spring, and serves as its executive chairman.
Follow Source of the Spring on Facebook, Twitter and Instagram. Sign up for our free Weekly Newsletter here. Submit events to our Community Events Calendar here. Please send tips and questions through our News Tips form, or email [email protected]
Learn how to support Source of the Spring here.
See something around town? Tag your photos on Twitter & Instagram with #SourceShots.
Latest posts by Mike Diegel (see all)
- KIDfest from KID Museum Set for Sept. 23 at Civic Building - September 18, 2018
- County Program Provides Trees for Urban Areas to Increase Canopy - September 17, 2018
- Study: Rezoning, Public Investment Needed to Revitalize Georgia Avenue Corridor - September 14, 2018