The Boston Globe is in the midst of a transitional phase. Armed with a new online redesign that looks strikingly like BostInno’s homepage, the Globe is attempting to buck the trend of traditional print journalism and keep up with contemporary way consumers digitally digest news. Part of this includes moving to a new location better suited for their new goals. And they’ve hired Colliers International to help get them there.
Back in February, Globe owner and publisher John Henry mentioned in an interview that he was searching for office space that “will provide us with the ability to move into a smaller, more efficient and modern facility in the heart of the city.”
Currently situated on 16-acres at 135 William T Morrissey Blvd in Boston’s Dorchester neighborhood, the Globe expects Colliers International “to represent us in exploring the feasibility of such a transaction and to help us identify possible buyers.” At least, that’s what the publication’s CEO Mike Sheehan wrote in a memo to employees as reported by, you guessed it, the Boston Globe.
According to Colliers’ corporate website, the commercial real estate behemoth boasts 15,800 employees in 485 offices spread over 63 countries.
The Globe‘s current facility prints a number of papers along with its own, including The New York Times and the Boston Herald, as well as its sister publication the Worcester Telegram & Gazette. In that same interview with Henry, though, the principal owner of the Boston Red Sox also alluded to the fact that he’s looking to peddle the T&G which means the Globe‘s new digs may be smaller in size.
But, as the Globe wrote this morning, “It’s possible the printing operation would move to a separate location from the rest of the company.”
BostInno reached out directly to Colliers’ Boston office to try and gauge what they’re expecting the property value to be, for any possible speculation as to what it could be used for and to where the Globe might be setting its sights to settle down next, but nobody was immediately available for comment.
We considered a number of fitting locations for Henry to settle down with his newspaper, all of which are based on recent relocations of local startups and Henry’s call for a more centralized locale within the city.
“Until Colliers finishes this process, we have no idea of the true value of the property, and any move would be based upon that knowledge,’’ the Globe noted Sheehan said in his memo. “That said, it is highly likely that we will find a suitable buyer and will eventually move from our current home. But don’t start packing boxes quite yet.’’
Photo Credit: Nancy Lane/Boston Herald
