Arizona Daily Star Building Sells For More Than $3M At Auction
- Rick Wiley / Arizona Daily Star
The Arizona Daily Star’s building has been sold at auction for more than $3 million.
The newspaper continues to publish a daily edition, with its staff working remotely since the COVID-19 pandemic impacted Tucson in March. The company plans to relocate its editorial and business staff to a smaller site in the Tucson area.
Over a dozen bidders, several of whom were from out of town, flew in to see the facility at 4850 S. Park Ave.
The sale and the buyers won’t be recorded for about a month. Details and plans for the office/industrial property are not yet known.
The Star building was placed on the market in August 2019. The 220,000-square-foot building once housed the Star and the Tucson Citizen as well as a large production and printing operation.
The Citizen closed in 2009 and the Star is now printed in Phoenix.
The building sits on nearly 17 acres of land at South Park Avenue and East Irvington Road with an inactive rail spur.
Commercial brokerage CBRE was brought on last year to market the property, and the auction was conducted by RealInsight Marketplace.
