THIS JUST IN: Inquirer Building Sold To Bart Blatstein; No Plans To Move It To Northern Liberties


PHILADELPHIA MEDIA NETWORK: PMN announced today that it entered into an agreement with Tower Investments, Inc., owned by Bart Blatstein, to sell the building that is home to PMN headquarters at 400 North Broad Street, in addition to the sale of an adjacent parking garage and lot. The purchase price is not being disclosed. PMN is exploring options with respect to their future space, including the possibility of remaining at the 400 North Broad Street location or identifying new space in the region. “As Philadelphia Media Network continues its successful digital transformation, the efficient utilization of our assets will be our highest priority in the development and distribution of all PMN products. Since PMN is presently utilizing less than half of the space in our present location, the sale of our historic building to a premier, local developer is an important step in allowing PMN to become better positioned to meet the demands of a changing media landscape,” said Greg Osberg, Chief Executive Officer and Publisher.

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