The Boston Globe sells its headquarters

July 16, 2016
Category: Business & Work

Boston Globe Media Partners, the parent company of The Boston Globe, announced on Saturday the sale of its headquarters.

The buyer and the purchase price were not disclosed.

The sale fits into a national trend: Newspapers liquidating real estate holdings acquired in better times as print revenue continues to decline.

The building, situated in Boston’s Dorchester neighborhood, has been home to the Globe for more than half a century. The Globe moved away from Boston’s urban center in 1958 as it sought to capture suburban readers throughout New England, according to the Boston Globe.

The Boston Globe’s new home will be downtown, on the second and third floors of the Exchange Place complex, according to the newspaper. The move is scheduled for Jan. 1.

The sale comes as The Boston Globe is undertaking a major overhaul of its editorial strategy.