Oprah Winfrey is selling Harpo Studios in Chicago to a
developer, but the studio will remain on the property for another two years.
Winfrey filmed The Oprah Winfrey Show at the studio from
1990 to 2011, when she ended the talk show to start OWN: The Oprah Winfrey
Network on cable.
"We have entered into a purchasing agreement with
Sterling Bay for the four-building Harpo Studios campus in Chicago's West
Loop," Harpo told Crain's Chicago Business in a statement. "We expect
the transaction to be closed in 30 days. The property will be leased back to
Harpo for two years, and the studio will continue to produce programming for
OWN."
About 200 people work at the 3.5-acre campus, which will
sell for about $32 million, Crain's reported Sunday. Harpo said it expects to
close the transaction in 30 days.
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