Commercial real estate brokerage Colliers International has been hired by The Boston Globe to market its Morrissey Boulevard property.
The 16.5-acre site houses the Globe’s newsroom, business operations and printing press. The presses are also used to print the Boston Herald, Worcester Telegram & Gazette, Patriot Ledger, Enterprise of Brockton and local editions of The New York Times.
CEO Michael Sheehan said the Globe would be interested in leasing back the space if a buyer is found but the paper is not ready to move yet.
"We know moving out of the place is a matter of years and not months," Sheehan told Banker & Tradesman on Wednesday. "It would take that long to find a new place, and moving and dismantling presses is not an easy task."
The Globe moved to the 815,000-square-foot building in 1958. The complex houses approximately 1,400 employees. Sheehan said the Globe’s future space needs have not been determined.
Sheehan said the Globe is looking at properties closer to downtown Boston for its newsroom and business offices, but hasn’t determined whether it will keep those operations and the press room together or in separate locations.
Globe owner John Henry has said that he plans to retain ownership of the Telegram & Gazette’s printing plant in Millbury even as he puts the Worcester paper on the block. That facility could figure into the Globe’s future printing strategy, Sheehan said.
"Printing is certainly a big part of our business, so we’re always open to expansion," he said.



