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Tuesday, November 11, 2014

Star-Telegram finalizes sale of printing plant

The Star-Telegram has closed a deal selling its printing plant facilities off Hemphill Street and Interstate 20 in Edgecliff Village to a company owned by Bruce Conti, president of Conti Warehouses in Fort Worth.

Conti-Edgecliff-Sias bought the nearly 270,000-square-foot building and 38 acres where the Star-Telegram had been printed since 1986.

The paper is now printed at The Dallas Morning News’ facility in Plano, which also prints The New York Times, The Wall Street Journal and USA Today.

Terms of the deal are not being disclosed.

Employees who worked at the printing plant have moved to the newspaper’s downtown offices at 808 Throckmorton St., where it leases more than 75,000 square feet.

Conti is known for buying large warehouse buildings and repositioning them in the market. Last year, he and J. Searcy bought the 353,643-square-foot Walls Industries building at 301 Risinger Road.
He also owns a former grocery warehouse at Loop 820 and I-20, the Village Creek Business Park in southeast Fort Worth, the former Target store on Cherry Lane in White Settlement, the former Ranch Style Beans plant downtown, the former Levitz Furniture building on Camp Bowie Boulevard and the former Sam’s Club warehouse on Baker Boulevard in Richland Hills.

Todd Burnette and Matt Montague of Jones Lang LaSalle represented the Star-Telegram in the lease. Jamie Galati, also of JLL, represented the landlord, RYLB FW Properties.

Ref:  Star Telegram

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