Globe real-estate dealings move forward

Boston Globe staff members received the following email from chief executive office Mike Sheehan earlier today:

As you know, we’ve been working with Colliers International to market our headquarters on Morrissey Boulevard. Bids were received mid-September, and we met with three of the most favorable bidders soon thereafter. We are in the process of completing a purchase-and-sale agreement with Winstanley Enterprises. Winstanley is a Concord, MA-based, family-owned firm experienced in mixed-use development, and would make a terrific steward of this place we’ve called home since 1958. Though we’ve reached an agreement in principle with the Winstanleys, there are still details to be worked out and a period of due diligence, so this is far from a “done deal.” But we wanted to inform you of the direction we’re heading.

Speaking of the direction we’re heading, we’re also working with Colliers to evaluate proposals from potential new sites for our headquarters and production. We have many exciting options in a number of locations, so it’s anyone’s guess — mine included — where we ultimately move. We will update you as we get closer to making a final decision. We’re looking to move sometime in late 2016/early 2017, so it won’t be long before we have a much clearer picture of our future.

One thought on “Globe real-estate dealings move forward

  1. Stanley Brick

    If it is anything like The Times of Trenton sale, the ground contamination sealed off under the printing press will result in a final closing price near 10% of the original listed price.

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