Boston Globe owner John W. Henry has put a marker on the cost of the newspaper he bought in 2013 for US$70 million ($90.12 million) with the sale of its headquarters building for US$81 million.
Both production and news operations have moved out during the year, the former to a new facility ion Taunton which has not been without its problems. The newsroom moved to the Exchange Place tower in downtown Boston in June.
The former Boston Globe headquarters on Morrissey Boulevard has been sold to developer Nordblom and a private equity firm. Plans will see the the 6.7 hecrate site converted into a light industrial and office complex "focused on technology and life sciences", along with restaurants, retail, and possibly a craft brewery, the newspaper reported.
Two earlier deals to buy the property fell apart in 2015 and in May this year.