A former newspaper HQ and printing press in Dallas, Texas, is being bought by a data center firm.
The Dallas Morning News reports its former HQ at 608 Young Street has been sold to an unnamed developer.
Ray Washburne, a local developer who acquired the property in 2019, told the publication that the site has been sold to “one of the major data companies,” without elaborating further.
The deal is expected to close in April. Terms of the deal were not shared.
The eight-acre campus includes two buildings totaling around 325,000 square feet (30,195 sqm).
The Dallas Morning News Building, at the corner of Houston and Young Streets, opened in 1949. The publication left the site in 2017, relocating to the nearby former Dallas Public Library building. The company had relocated its printing operations to Plano in the 1980s.
A. H. Belo Corporation – then the owner of the DMN – sold the campus to Washburn in 2019 for $28 million. The site was previously set to be acquired by developer KDC and investor Hoque Global, which were pitching the site as a potential Amazon’s second HQ, but the deal fell through in 2018 after the company opted for New York and Washington.
The sale to a data center company sees Washburn drop plans to use the site as a new entertainment district – turning it into a 300-room hotel with entertainment and apartment developments.
The new buyer reportedly intends to preserve the original news edifice, including the three-story “Rock of Truth” stone facade, inscribed with a credo about journalism, but will build a new addition on the back end of the building for its data needs.