Robinson Terminal to Sell Waterfront Warehouses
The Washington Post Co. subsidiary announces plans to sell Robinson Terminal North and South, two buildings located on Alexandria's waterfront.
Robinson Terminal Warehouse Corporation plans to sell its two warehouses located on Alexandria’s waterfront.
The Washington Post Co. subsidiary plans to consolidate operations in Springfield, Va., where the Post company operates a printing plant.
“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,” Robinson Terminal President Robert Taylor said in a statement. “As the business has evolved over time, we can consolidate operations in Springfield, Va., and continue to provide high-quality service to our customers.”
The Alexandria warehouses have long been used for storage.
The city assesses the value of Robinson Terminals North and South at approximately $30 million.
Robinson Terminal announced the planned sale in a news release through one of The Post Co.’s recently hired real estate advisers, Studley Inc., reports The Washington Post’s Capital Business publication.
Officials representing Robinson Terminal Corp. said in an October 2011 meeting that they support the city's plans to redevelop its riverside. City Council voted to approve that plan in January 2012.
