As it prepares to move its offices to a downtown tower, the Boston Globe has agreed to sell its longtime headquarters on Morrissey Boulevard in Dorchester.
Boston Globe Media Partners chief executive Mike Sheehan confirmed the company has signed a purchase-and-sale agreement for the 16.5-acre property and 815,000-square-foot Globe building along Interstate 93. But he declined to name the buyer or detail the terms of the deal, citing a confidentiality agreement.
Earlier negotiations to sell the property to Concord, Mass.-based Winstanley Enterprises fell apart last year after one of the developer’s financiers withdrew from the project.
The Globe has previously announced that its editorial and business departments will move to Exchange Place, an office complex at 53 State St. The new headquarters is less than a quarter-mile from the Globe’s historic home on “Newspaper Row,” at 238-240 Washington St., where the paper operated from its founding in 1872 until moving to Dorchester in 1958. It is also near Boston’s political and business centers.
Printing and delivery operations are currently being shifted to a new facility in Taunton, which the Globe bought last year for $20.3 million. In addition to the Globe, the plant will print the Boston Herald, the New York Times, and USA Today for delivery to those papers’ local subscribers.Dan Adams can be reached at firstname.lastname@example.org.