Former Dallas Morning News HQ Sale

Former home of Dallas Morning News to sell for $33M

The former home of the Dallas Morning News is being sold a year after the newspaper relocated its headquarters to the other side of downtown Dallas.

The 7.2-acre site at 508 Young St. next to Union Station is being purchased by developer KDC for $33 million, according to the Dallas Morning News. Dallas restaurateur and entrepreneur Mike Hoque is partnering with the development firm on the deal.

The contract to acquire the property was disclosed Monday in a regulatory filing, reported the DMN. KDC and Hoque Global are set to close the deal by the end of the year.

A.H. Belo Corp. (NYSE: AHC), the parent company of the newspaper, has been looking for a buyer for 508 Young Street since the media company announced its move to the renovated Dallas Public Library building on Commerce Street across from Main Street Garden.

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