Business

Sun Sentinel landlord sells news press building for $25.5 million

Tribune Media, the landlord of Fort Lauderdale-based newspaper the Sun Sentinel, has sold its Deerfield Beach office and news press facility for $25.5 million, the Sentinel reported Wednesday.

Tribune Media sold the 81,749-square-foot industrial building to Gramercy Property Trust Inc affiliate GPT SW 12th Avenue Owner LLC, according to the Sun Sentinel. The property, at 333 SW 12th Ave., is also home to the Sentinel’s news press and some editorial staff.

But according to the paper, Sun Sentinel owner and building tenant Tribune Publishing will keep its lease and won’t be forced to leave the property, despite the sale.

Last month, USA Today owner Gannett Co. offered to acquire Tribune Publishing — which also owns the Los Angeles Times, the Chicago Tribune and the Orlando Sentinel — for $388 million.

Also on Wednesday, Tribune Publishing announced it had rejected Gannett’s offer.

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