Tribune Media Puts Third Property on the Auction Block
Arts District property includes massive L.A. Times printing plant.
The Los Angeles Times printing plant on Olympic Blvd. in downtown L.A. employs around 400 workers. It’s also where the West Coast editions of USA Today, The New York Times, the Wall Street Journal and China Daily are printed.
In a few years, the surroundings of the 700,000 sq. ft. facility are going to look very different. Tribune Media announced today that it has engaged the firm of Jones Lang LaSalle to find a buyer for the 25-acre property:
“This is one of Los Angeles’ hottest areas for mixed-use retail and office development, and we’re expecting a lot of interest,” said Murray McQueen, president of Tribune Real Estate Holdings.
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