A 300,000 square foot industrial building that has long been used by the Arizona Republic as a printing facility is being listed for sale with an asking price of $47.7 million.
Located at 19th Avenue and Williams Drive, the massive plant sits on a nearly 20-acre site in the Deer Valley neighborhood of northern Phoenix, and has been owned by the newspaper since 1987.
Besides the Arizona Republic, the plant has also been used to print regional editions of the New York Times and USA Today, among several other daily publications.
The Arizona Republic is owned by the McLean, Virginia-based mass media company Gannett, which in recent years has been consolidating its printing operations across the country.
Four years ago, Gannett also sold a 10-story building in downtown Phoenix that served as offices for the Arizona Republic. After that sale, the newspaper kept its offices in that building.
Launched in 1890, the Arizona Republic is one of the oldest and most successful continually operating newspapers in the West. The newspaper, which has a daily circulation of around 100,000, was purchased by Gannett in 2000.
The printing facility is being listed by New York-based realtor BellCornerstone.
By Garry Boulard
