After a nearly two-year-long search, it looks like the Boston Globe has found a suitable new home. Since being acquired by John Henry for $70 million in late 2013, the company has been looking for smaller, more affordable digs. For years, the paper's headquarters have been located in a 670,000-square-foot space on Morrissey Boulevard in Dorchester. That site has numerous environmental issues, and a second round of bidding on it is expected to occur any time. In mid-2014, the Globe hired leasing broker Colliers International to help manage the search for its new headquarters.
The newspaper will relocate to 53 State Street in downtown Boston, where it will occupy the second and third floors of the 40-story building. With more than 1.2 million square feet of total space, the building is among the largest office buildings downtown. Its current anchor tenant, law firm Goodwin Proctor, is relocated to a 17-story office building in the Seaport District sometime in 2016.
To pave the way for the move, the Globe agreed to acquire a 330,000-square-foot industrial site in Taunton, which will house its distribution and printing units. The actual headquarters will be housed at the site at 53 State Street. According to reports, the Globe did not receive incentives or subsidies from the government as a part of the deal.
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