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 Follow @DanielleHaynes1 Contact the Author   |   March 17, 2014 at 7:46 AM

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]

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