PROVIDENCE, R.I. (AP) — The Providence Journal building has been sold to two real estate development companies.
Nordblom Company and Cornish Associates announced Wednesday they had purchased the downtown Providence building and two adjoining parking lots from Dallas-based media company A.H. Belo.
A.H. Belo sold the Providence Journal newspaper to Gatehouse Media in September but retained ownership of the building.
The new owners have not disclosed how much they paid for the property.
Journal President and Publisher Janet Hasson says the newspaper is working with the new owners to remain in the building and also exploring other options in Providence.
It’s unclear when the newspaper’s lease ends.
The new owners say they’ll renovate the historic building to include 160,000 square feet of office space and over 10,000 square feet of restaurant and retail space.