Milwaukee Journal Sentinel owner, newspaper publishing giant Gannett, has sold the newspaper’s former printing plant at 4101 W. Burnham St. in West Milwaukee to a subsidiary of newspaper conglomerate Alden Global Capital for $26 million, according to state property transfer records. Alden Global Capital is the owner of the Chicago Tribune.
The plant ceased operations in May following a decision by Virginia-based Gannett to move printing of all 11 of its Wisconsin newspapers to a printing plant in Peoria, Illinois.
It is not immediately clear what Alden Global Capital plans to do with the 475,489-square-foot facility. However, a report in Crain's Chicago Business earlier this year indicated that the company planned to print the Chicago Tribune at the West Milwaukee facility.
The five-story press was installed in the West Milwaukee building in 2003.
Attempts to secure comment from Gannett and Alden or Twenty Lake Holdings was unsuccessful.
A LoopNet.com listing for the property states that it has 35 loading docks, 476 parking spaces, and 40-foot high clear ceiling heights, while also boasting “an elegant main lobby, expansive cafeteria, and abundant office space."