Digital First puts 51 newspaper buildings on the market

Digital First Media has listed 51 newspaper buildings for sale, according to a press release from the real estate firm Twenty Lake Holdings.

The properties are “for sale across seven states including California, Connecticut, Colorado and Pennsylvania, to name a few,” Twenty Lake Holdings says in its release.

The planned sale “enables us to streamline our real estate portfolio through a comprehensive program encompassing property sales, new leasing, relocations and consolidation, thereby freeing the company from the constraints of being overburdened with underutilized properties,” DFM President and COO Steve Rossi says in the release.

With the addition of the DFM properties, Twenty Lakes and the broker Praxis Commercial have 70 newspaper buildings for sale in total, the release says.

Reached by email, DFM CEO John Paton said the listings represent “the remainder of our real estate holdings not yet sold. As you know, this is entirely consistent with our Digital First strategy of focusing on our core competencies of content and sales,” he wrote.

Here’s a list of properties for sale, via Twenty Lake Holdings’ PR firm:

Newspaper City State Property type
East County Times Antioch CA Office
Concord Printing Plant Concord

CA

Print Site & Flex Building

Valley Times

Pleasanton

CA

Office

Contra Costa Times*

Walnut Creek

CA

Flex

Inland Valley Daily

Montclair

CA

Warehouse

Red Lands Daily Facts

Redlands

CA

Flex

The Sun Office

San Bern

CA

Office

The Sun Plant

San Bern

CA

Plant

San Gabriel Valley Tribune

West Covina

CA

Flex

Inland Valley Daily

Ontario

CA

Flex

Times Standard

Eureka

CA

Print Site

Red Bluff Daily News

Red Bluff

CA

Office

Times Herald

Vallejo

CA

Office

Advocate-News

Fort Bragg

CA

Office

Ukiah Daily Journal

Ukiah

CA

Office

Enterprise Record

Chico

CA

Print Site

Lake County Record

Lakeport

CA

Print Site

Paradise Post

Paradise

CA

Print Site

Vacaville Reporter

Vacaville

CA

Print Site

Daily News

Alamogordo

NM

Office

The Deming Headlight

Deming

NM

Office

Farmington Daily Times

Farmington

NM

Plant, Office, Retail

Ruidoso News

Ruidoso

NM

Small Site

York News Paper Agency

York

PA

Print Site

Sun News

Las Cruces

NM

Small Site

El Paso Times Plant

El Paso

TX

Print Site (Office & Land sold to City for Stadium in 2013)

Lebanon Daily News

Lebanon

PA

Flex

York Dispatch

York

PA

Office

Public Opinion

Chambersburg

PA

Flex

Bennington Banner

Bennington

VT

Office

Berkshire Eagle Clock Tower

Pittsfield

MA

Office & Land

New England News

Bennington

VT

Land

The Manchester Journal

Manchester

VT

Office

Brattleboro Reformer

Brattleboro

VT

Print Site

Akron News Reporter

Akron

CO

Office

Fort Morgan Times

Ft Morgan

CO

Office

Brush News Tribune

Brush

CO

Office

The Burlington Records

Burlington

CO

Flex

The Daily Record

Canon City

CO

Flex

Julesburg Advocate

Julesburg

CO

Office

Lamar Ledger

Lamar

CO

Office

Daily Times

Longmont

CO

Flex

Sterling Journal Advocate

Sterling

CO

Flex

Breckenridge American

Breckenridge

TX

Flex

Star Group Papers

Burleson

TX

Office

Graham Leader

Graham

TX

Office, Print Site, Residence, Tower

Jacksboro Gazette

Jacksboro

TX

Office

The Olney Enterprise

Olney

TX

Print Site

Sentinel & Enterprise News

Fitchburg

MA

Flex

MediaNews Printing

Devens

MA

Print Site

Pioneer Press Plant

St. Paul

MN

Plant & Office

KTVA Broadcast

Fairbanks

AK

Land

Here’s the release:

TWENTY LAKE HOLDINGS BRINGS TO MARKET 51 NEW PROPERTIES
FOR DIGITAL FIRST MEDIA

Responsible for Newspaper Company’s Real Estate Program and Strategy
with Praxis Commercial

NEW YORK– AUGUST 19, 2014 – Twenty Lake Holdings, whose principals have been responsible for the real estate program and strategy for companies affiliated with MediaNews Group, d/b/a Digital First Media since 2011, today announced with its broker Praxis Commercial the listing of 51 new properties for sale across seven states including California, Connecticut, Colorado and Pennsylvania, to name a few.

Digital First Media, headquartered in Denver, is the second largest newspaper company in the country by daily circulation and reaches more than 67 million Americans monthly across 18 states.

“The strategy outlined by Twenty Lake Holdings and Praxis Commercial enables us to streamline our real estate portfolio through a comprehensive program encompassing property sales, new leasing, relocations and consolidation, thereby freeing the company from the constraints of being overburdened with underutilized properties,” stated Steve Rossi, President & Chief Operating Officer of Digital First Media.

“Since 2012, Twenty Lake Holdings and Praxis Commercial have facilitated the sale of 67 properties, generating significant capital for other Digital First Media business needs,” stated Joseph M. Miller, of Twenty Lake Holdings. “With these listings, the companies have 70 newspaper buildings for sale with $85 million in combined value.”

For example, the combined advisory team recently handcrafted a disposition strategy in San Jose, Calif. for the 36-acre San Jose Mercury News headquarters and printing plant, resulting in a $30.5 million sale. This allowed the paper to further consolidate operations and scout a new home in Silicon Valley, which it recently secured in downtown San Jose at Legacy Civic Towers.

“The new addition of properties for sale brings the total square footage on the market to 1.7 million square feet covering all property types including office, flex and production sites,” stated Nathanael Pennington, President of Praxis Commercial, “From California to New England, the wide ranging launch is expected to bring significant benefits to Digital First Media.”

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