Former St. Johns County newspaper headquarters sold for $8 million (Jackonsville Daily Record)

Brian and I attended the open house and tour for the St. Augustine Record building on News Place when the building was opened.  The St. Augustine Record had a brand new $5 million Goss press, and a wonderful facility that allowed local civic groups to hold meetings.  Under mismanagement by MORRIS COMMUNICATIONS, GATEHOUSE and GANNETT, our Nation's Oldest City is now without a functioning daily newspaper. This situation stinks.  Blame the titans of tedious hedge funds, who are destroying journalism.

From Jacksonville Daily Record:

Former St. Johns County newspaper headquarters sold for $8 million

Florida real estate investment firm ESJ Capital Partners bought the former home of The St. Augustine Record.

---

• By Dan Macdonald
 
• | 3:03 p.m. April 28, 2023

The former St. Augustine Record building at 1 News Place in Saint Augustine. The property is at State Routes 312 and 207.

Google

• REAL ESTATE

• Share
 
 
 
 

The former St. Augustine Record building at 1 News Place in St. Augustine sold April 24 for $8 million. 

The University of St. Augustine for Health Sciences, through 1 News Place LLC, sold the building. The property is at State Roads 207 and 312.

ESJ Capital Partners, a real estate investment firm from Aventura, bought it through ESJ 1 News Place, LLC.

Vivian Sanchez, the university’s chancellor and CEO, signed the deed.

The  building was constructed 2001 on 14.54 acres. It is 34,400 square feet. 

Besides being home to the St. Augustine newspaper, it provided office space and was a distribution center for the U.S. Postal Service, according to St. Augustine Record archives.

The building was constructed by Morris Communications when it owned the St. Augustine newspaper. Morris also owned The Florida Times-Union in Jacksonville.

Morris sold its newspapers to GateHouse Media, Inc in 2017. In 2019, GateHouse’s parent company, New Media Investment Group, merged with Gannett Co. Inc., which now owns both publications.

In October 2020 Morris Communications through MPG St. Augustine Property LLC sold the property to The University of St. Augustine for Health Sciences for $7.535 million.

In 2022, Morris sold the Times-Union property in Downtown Jacksonville for redevelopment.