facebook
twitter
rss
account
search
search
 

Oprah Winfrey's Harpo Studios in Chicago to be sold

Harpo Studios in Chicago will be leased back to the company for the first two years after being sold to produce OWN programming.
By Danielle Haynes   |   March 17, 2014 at 7:46 AM   |   Comments

http://cdnph.upi.com/sv/em/upi/UPI-9881395055847/2014/1/50c2c63ffcfa1f166d5789a816ef1e98/Oprah-Winfreys-Harpo-Studios-in-Chicago-to-be-sold.jpg
March 17 (UPI) -- Oprah Winfrey is selling the Chicago campus of Harpo Studios, the production company she founded in 1990s.

The anchor first bought the 88,000-square-foot lot -- which was later doubled -- in a struggling section of Chicago, the West Side. The presence of her company was credited with revitalizing the neighborhood, which now features a dining, shopping and residential area.

The company is selling the now 3.5-acres property to Chicago developer Sterling Bay.

“We have entered into a purchasing agreement with Sterling Bay for the four-building Harpo Studios Campus in Chicago’s West Loop. The property will be leased back to Harpo for two years and the studio will continue to produce programming for OWN,” a Harpo spokesperson confirmed in a statement.

The price on the deal wasn't reported.


[WGN-TV, Chicago]
[Deadline]

Follow @DanielleHaynes1 and @UPI on Twitter.
Contact the Author
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Watch: Nasim Pedrad shows off uncanny Aziz Ansari impression in unaired SNL sketch Watch: Nasim Pedrad shows off uncanny Aziz Ansari impression in unaired SNL sketch
2
Kris Jenner worried Khloe and Lamar will reconcile Kris Jenner worried Khloe and Lamar will reconcile
3
Valerie Bertinelli speaks on female empowerment in Fresno Valerie Bertinelli speaks on female empowerment in Fresno
4
Khloe Kardashian blames Kourtney Kardashian for weight gain Khloe Kardashian blames Kourtney Kardashian for weight gain
5
Teresa Giudice selling Jersey Shore home Teresa Giudice selling Jersey Shore home
Trending News
Video
x
Feedback