St. Louis Post-Dispatch Finds Buyer for Its Downtown HQ
click to enlarge
The St. Louis Post-Dispatch headquarters at 900 N. Tucker Boulevard is sold – but the newspaper remains as a tenant.
Publisher Ray Farris announced the news in an email to staff this afternoon, stating that StarLake Holdings had entered into a purchase agreement for the 1930 building. The sale is expected to close on August 24th.
Jim McKelvey, co-founder of Square, founded StarLake Holdings in 2016 as a private investment company, the St. Louis Business Journal reported at the time. The terms of the contract were not public at the time of going to press.
Farris said in his email to staff that the newspaper’s staff would be working on the fifth and sixth floors while StarLake was looking for other tenants to fill the building. He added,
We are fortunate to have found a buyer who is committed to growing our region and who understands our rich heritage. This agreement helps secure our position in downtown St. Louis and our commitment to the community and our readers.
A committee is currently working on the details of the move. Timetables will be developed for each phase over the next six months. You will receive more information from your manager over the next few weeks once the schedules are set.
In a press release, Lee Enterprises said four parking spaces were also included in the sale.
Tracy Rouch, a spokeswoman for the newspaper, said the majority of employees are already on the top two floors. The others will move to clear the other four floors.
The building on Tucker was first built by the St. Louis Globe Democrat to house printing presses, sales and offices. The Post-Dispatch moved in in 1959 and made the building the sixth location.
However, in 2008 the newspaper’s owners relocated printing and distribution to another building in Maryland Heights.
We look forward to tips and feedback. Email the author at [email protected]