Bay News Building Sold!

(Photo courtesy of Ray Johnson)

(Note: this article has been updated here.)

The Courier Life building, home of the Bay News, has sold for $3.1 million after almost 11 months on the market. Courier Life has not announced the location of its new site, but rumors suggest it will be in downtown Brooklyn in the vicinity of the Metro Tech center, near Jay Street and Willoughby Street. Some, if not all, employees remain in the dark about when and where they will move.

The broker, Brian Hanson, director of sales for Massey Knakal Realty Services, says the deal closed last week, signaling that an end is near to the storied paper’s longtime presence in the Bay area. Located at 1733 Sheepshead Bay Road, the building went on sale last November as its owner, News Corporation, sought to consolidate all of its recently acquired New York local papers in one location. According to a Brooklyn View article, Courier Life’s lease was set to expire this summer.

More on the deal to come early next week.