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.… Read more