CHICAGO-A proposed sale of the former Chicago Sun-Times printing plant building here has fallen apart and its owners have placed the more than 500,000-square-foot building back on the market for sale.
A $20-million sale of the property at 2800 S. Ashland Ave. to a group of investors with Madison Dearborn Partners LLC and JDI Realty LLC of Chicago is not moving forward, according to the Chicago Business Journal. The investors had planned to pump in $1 billion over the next decade to redevelop the former printing plant into a data storage complex.
The printing plant was closed in 2011 when the Sun-Times decided to have its paper printed by the Chicago Tribune. See story in the Chicago Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
