Former Dallas Morning News downtown campus sold to local developer Ray Washburne
A. H. Belo Corporation has sold the former campus of The Dallas Morning News downtown for $28 million to local developer and co-owner of Highland Park Village Ray Washburne.
The purchase price is made up of $5.6 million in cash paid at the closing and a two-year, seller-financed promissory note of $22.4 million. The eight-acre campus includes two buildings that total about 325,000 square feet, plus a parking garage.
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