WPRI: Projo trying to sell Providence HQ for $10M, move to top floors

The Providence Journal is exploring a $10 million sale-leaseback deal for its historic headquarters on Fountain Street, executives disclosed last week.

Dallas-based parent company A.H. Belo has valued The Journal’s “non-core” real estate holdings in Providence at $18.85 million, executives said last Thursday in a presentation at its annual investor day.

The Journal’s parent company has been trying to sell the paper’s real estate holdings since at least 2008.

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