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Oprah Winfrey to sell Harpo Studios in Chicago

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March 16, 2014 11:41 AM EST | AP


CHICAGO (AP) — Oprah Winfrey is selling Harpo Studios in Chicago to a developer, but the studio will remain on the property for another two years.

Harpo Inc. said in a statement that it has entered into a purchasing agreement with Sterling Bay Cos. for the four-building campus on Chicago's West Side.

Crain's Chicago Business reports Sunday (http://bit.ly/1iRqccg) that about 200 people work at the 3.5-acre campus, which will sell for about $32 million. Harpo says it expects to close the deal in 30 days.

Harpo also says they will lease back the studios for two years and will continue to produce programming there for the Oprah Winfrey Network.

Winfrey filmed "The Oprah Winfrey Show" at the studio from 1990 to 2011, when she ended the talk show to start her cable network.

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Information from: CRAIN'S CHICAGO BUSINESS.