The Courier Journal property in downtown Louisville sold last week, but the building will remain the news organization’s headquarters.
Properties along Broadway controlled by The Courier Journal collectively were sold to a company called 525 W Broadway Louisville KYLLC for $11,350,000, records show.
The Courier Journal’s Virginia-based parent company, Gannett Co. Inc., confirmed the eight-story building has been sold.
“The Courier Journal staff remains the largest in the state, and we will remain downtown as we continue our important work covering this great city and its surrounding communities,” Courier Journal Executive Editor Mary Irby-Jones said. “The people of Louisville can count on us to tell their stories and be their watchdog, holding government and elected leaders accountable.”
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The news organization will stay on as a tenant in the building at 525 W. Broadway, which has been the 11-time Pulitzer winner’s home for 75 years.
The buyer shares the same Connecticut address as Twenty Lake Holdings LLC. The Washington Post reported in 2019 that Twenty Lake Holdings is a subsidiary of Alden Global Capital, a hedge fund that has bought up newspapers around the country.
A phone message left with Twenty Lake Holdings last week was not immediately returned.
The 660,000-sqaure-foot building was built in 1947 and stretches from Fifth Street to Sixth Street, with the Gene Snyder U.S. Courthouse and Custom House just a stone’s throw away.
It was put up for sale in April 2021, a month after Courier Journal printing presses stopped rolling for good in Louisville after 153 years.
"Like many businesses, our office space needs have shifted significantly, especially as the COVID-19 pandemic prompted an evolution in how we work,” a Gannett spokesperson said. “The Courier Journal remains firmly committed to serving our readers and advertisers, as the community's preeminent source of news and information."
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Contact reporter Morgan Watkins at mwatkins@courierjournal.com.