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Report: Henry is selling Globe’s Morrissey Boulevard HQ

Boston Real Estate

Boston Real Estate

There’s a little room here for John Henry, the new owner of the Boston Globe, to still downplay, clarify or backtrack from his comments. But Boston magazine’s quote from Henry sure sounds like he’s made up his mind about moving the newspaper out of its current location on Morrissey Boulevard to somewhere else.

The Herald makes the move sound even more definitive and imminent.

Either way, the news is not too shocking. Henry, also the owner of the Red Sox, has openly talked of possibly moving the Globe and redeveloping the current 16-acre site (hopefully into condos, please).

In a way, Henry would be crazy not to move the Globe. That property is worth tens of millions of dollars for potential redevelopment – and, assuming that money is plowed back into the Globe, it would provide some financial breathing room for the paper.

Hey, the Herald moved out of its long-time Harrison Avenue headquarters a few years ago, ironically outsourcing its printing today to the Globe. The Boston Business Journal also rents offices for its newsroom and other non-print operations in the Financial District, outsourcing its printing to other companies.

The big potential problem for the Globe would be: Where would it print its paper? How many printing presses are there left in the area to print a still relatively large daily newspaper? Would it keep the printing plant at its current location for the time being while developing the rest of the property? And what happens to the Herald if the Globe outsources its printing elsewhere? Where would it be printed?

File under: Questions, questions, questions