Agreement reached on News & Record's Greensboro site
e News & Record (Greensboro, North Carolina) has reached an agreement to sell its property, at 200 E. Market St. in downtown Greensboro, the paper reports. News & Record owner BH Media didn't identify the buyer of the 6.5-acre property or the price. Local conservative weekly the Rhino Times says Greg Dillon of Dillon Development Partners of Maryland as being under contract for the property.
On Guilford County tax rolls, the property is valued at $9.9 million.
e sale is expected to close in the third quarter of 2019. e paper is relocating to a new spot in Greensboro in 2019 or 2020. e paper's press and mailroom operations now run out of the BH Media-owned Winston-Salem Journal's production facility.
e land could serve as a location for a range of new types of development, including apartments or a skyscraper, the paper reports. e city is currently experiencing a construction boom.