Robinson Terminal Engages Studley, Inc. To Sell Last Two Waterfront Development Sites In Alexandria, VA

     Robinson Terminal Engages Studley, Inc. To Sell Last Two Waterfront
                     Development Sites In Alexandria, VA

PR Newswire

WASHINGTON, Feb. 5, 2013

WASHINGTON, Feb. 5, 2013 /PRNewswire/ -- Studley, Inc. has been exclusively
retained by Robinson Terminal to market for sale Robinson Terminal North and
South, the last two prime waterfront redevelopment sites available in historic
Old Town Alexandria. Robinson Terminal is a wholly-owned subsidiary of The
Washington Post Company (NYSE: WPO). The sites are located across the Potomac
River from Washington, D.C. and represent a prominent redevelopment
opportunity within one of America's most storied and vibrant neighborhoods.

The two Terminal properties offer the potential for more than 600,000 square
feet of mixed-use redevelopment on approximately 6.7 acres of land and include
1,000 linear feet of Potomac River frontage and 2,000 linear feet of street
frontage on major Old Town thoroughfares. Due to their size, sought-after
location and excellent water views, the Terminal sites have been a key focus
of the Alexandria City Council's Waterfront Small Area Plan, which seeks to
establish redevelopment goals for the Old Town Alexandria waterfront.

Studley brokers Vernon Knarr and Arthur Greenberg are spearheading the
marketing efforts to sell these assets.

"We are excited to offer these unique waterfront assets for sale," said
Knarr. "The sites, which are less than half a mile apart, are the bookends of
the vibrant redeveloping Old Town waterfront. They have breathtaking
unobstructed river views of Washington, D.C. and present a tremendous
opportunity for new residential, hotel, commercial, retail, restaurant and
other transformative mixed uses in the heart of Alexandria," added Greenberg.

Robert W. Taylor, President of Robinson Terminal, said, "We have decided that
the time is right to market the North and South Terminals on the Alexandria
waterfront, where we have had a long history of operations. As the business
has evolved over time, we can consolidate operations in Springfield, VA and
continue to provide high-quality service to our customers. We're optimistic
that the market will respond favorably to the offering." 

For information about these two properties, please contact Vernon Knarr,
Executive Managing Director (202) 624-8513, or Art
Greenberg, Executive Vice President (202) 624-8519

About Robinson Terminal
Robinson Terminal has been actively involved in the warehousing business since
1939. The company is a wholly-owned subsidiary of The Washington Post Company
(NYSE: WPO). Robinson Terminal is experienced in handling various types of
commodities and products. The Terminal is one of the largest handlers of
newsprint on the East Coast. The company operates warehouse and terminal
facilities in Alexandria and Springfield, VA, with rail and truck links to all
parts of the continental Unites States, Mexico and Canada. More information on
Robinson Terminal is available at

About Studley
Studley is the leading commercial real estate services firm specializing in
tenant and user representation. Founded in 1954, Studley pioneered the
conflict-free business model of representing only tenants and users with their
commercial real estate transactions. Today, with 24 offices nationwide and 25
international locations, Studley provides strategic real estate consulting
services to top-tier corporations, not-for-profit organizations and law firms.
Information about Studley is available at

Diana Sechrist
(703) 772-5706

SOURCE Studley

Press spacebar to pause and continue. Press esc to stop.