SJ mercury property up for sale

15, 2013, 12:10pm PDT Updated: Apr 15, 2013, 12:26pm PDT

Scoop: San Jose Mercury News property to be put up for sale

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The San Jose Mercury News building is being put on the market.

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Nathan Donato-Weinstein

Real Estate Reporter- Silicon Valley Business Journal

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The owner of the San Jose Mercury News intends to sell the San Jose property that houses the newsroom and printing plant, according to a person with knowledge of the plans.
The person, who asked to remain anonymous because the sale isn't yet public, told me that California Newspapers Partnership, which owns the land at 750 Ridder Park Drive, is putting the property on the market without attaching a price tag.
The property, at more than 30 acres, is zoned for commercial or industrial uses under the city's new general plan.
I've been hearing commercial real estate professionals talk about a potential sale for some time, but only now is there solid news to report. No buyer has yet emerged, based on my reporting so far.
It's too early to determine where employees would be relocated if the property sells, and Mercury News Publisher Mac Tully didn't immediately respond to a call seeking comment.
Check back later for updates.

Nathan Donato-Weinstein covers commercial real estate and transportation for the Silicon Valley Business Journal.