A 137,000 square foot office building in downtown Santa Fe will soon be the new home to the Santa Fe New Mexican newspaper in the wake of the structure’s purchase by an out of state real estate investment trust.
Located at 150 Washington Avenue, the First Interstate Plaza Building is the home to several businesses, including a local office for the firm Deloitte US, and Morgan Stanley, as well as a popular eatery called The Bull Ring.
Late last year the Daytona Beach, Florida-based CTO Realty Growth Incorporated announced that it had purchased the building for $16.3 million.
While the more than 30-year-old building has in recent months been about a third vacant, space will soon be taken up with the offices of the Santa Fe New Mexican, which is moving out of its long-standing location at 202 E. Marcy, less than a mile away.
Founded in 1849, the paper is one of the oldest continually published metro papers in the West and has had its offices on E. Marcy since the early 1940s.
With a paid circulation of about 23,000, the Santa Fe New Mexican is the second largest paper in the state, behind only the Albuquerque Journal, with a paid circulation in excess of 96,000.
By Garry Boulard
