*Despite remaining on the property for another two years, Oprah Winfrey’s Harpo Studios in Chicago has been sold by the former daytime talk show queen.
After a bidding war that enticed investors from as far away as China, Winfrey’s Harpo Inc. agreed to sell the four-building campus to Sterling Bay Cos.
For Winfrey, selling off the last of her commercial real estate represents a final step out of Chicago, which she left almost three years ago to form Oprah Winfrey Network in Los Angeles.
“We have entered into a purchasing agreement with Sterling Bay for the four-building Harpo Studios campus in Chicago’s West Loop,” a spokeswoman for Harpo, which has more than 200 employees in Chicago, confirms in a statement. “The property will be leased back to Harpo for two years and the studio will continue to produce programming for OWN.”
According to the Associated Press, Winfrey moved to Harpo Studios in 1990. The studio served as the location where the media mogul filmed “The Oprah Winfrey Show” from 1990 to 2011, the year she ended her talk show to create the Oprah Winfrey Network (OWN) for cable.
Harpo is noted for being a major factor in helping transform its Chicago location from a once-gritty industrial area in to a family-filled neighborhood with trendy restaurants.