‘Inquirer’ To Sell Coolest Part Of ‘Inquirer’

It’s been rumored for a while, Brian Tierney commented on it it and now it’s official: The Inquirer building is for sale.

The new-ish owners of the paper, the Daily News and related properties, Philadelphia Media Holdings, have partnered with Philly architecture/interior design firm H2L2 to redevelop the building as condos, offices, retail, a hotel, whatever. Tierney says he isn’t sure where the offices of the Inquirer and Daily News will relocate to, but could move to a newly-constructed building behind the Inquirer Building, which is currently a parking lot.

Tierney also said he had planned to sell the building from the beginning in order to raise the $300 mil borrowed to buy the paper. Jones Lang LaSalle, the broker for any deal, says if the paper doesn’t get an asking price it wants, it won’t sell the building. I don’t know about you guys, but I am pumped to eat in a new Roy Rogers on the first floor of 400 N. Broad.

Inquirer Building to be offered for sale [Inquirer]
[Photo by Bradley Maule, Phillyskyline]