Globe may sell building to R.I. Mall owner

The Boston Globe has been in negotiations with Rhode Island Mall owner Winstanley Enterprises for the sale of its building on Morrissey Boulevard in Boston, the paper reported.
Concord, Mass.-based Winstanley is a commercial developer that plans to turn the 16.5-acre Dorchester site into a mixed-use property, according to the report earlier this month.
The newspaper said in April that it had hired Colliers International to solicit bids for the 815,000-square-foot production plant and headquarters, as well as the surrounding property. A number of parties expressed interest in September, and the company met with the three most favorable bidders.
A purchase-and-sale agreement has not yet been signed. In a memo to employees this month, Sheehan said, “there are still details to be worked out and a period of due diligence” before a deal is completed. No price has been disclosed.
Winstanley Enterprises was founded 1990 and is run by David Winstanley and his sons, Adam and Carter. Including Rhode Island Mall in Warwick, the firm owns 43 buildings, totaling 5.5 million square feet throughout New England. •

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