Herald-Leader Signs Contract to Sell Downtown Building

OCTOBER 04, 2017 4:08 PM

The Lexington Herald-Leader has signed a contract to sell its downtown building on Midland Avenue to the CRM Development Co., which is considering an expansion of the four-story building to create upscale professional office space.

According to a statement from Herald-Leader Publisher Rufus M. Friday, the sale is contingent on several factors, including “the buyer’s due diligence, zoning approval, and other normal regulatory closing terms.”

Craig Turner, CEO of CRM Development, said he plans to meet next week with neighbors, including those in the nearby Bell Court neighborhood, and city planners.

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