Harpo Studios: Oprah Winfrey show's home to be sold (+video)
Harpo Studios in Chicago was the home of "The Oprah Winfrey Show" for 21 years. Oprah Winfrey is selling Harpo Studios to a developer, but the studio will remain on the property for another two years.
Winfrey filmed "The Oprah Winfrey Show" at the¬†studio¬†from 1990 to 2011, when she ended the talk show to start the Oprah Winfrey Network on cable.
"We have entered into a purchasing agreement with Sterling Bay for the four-building¬†Harpo¬†Studios¬†campus in Chicago's West Loop,"Harpo¬†told Crain's Chicago Business in a statement. "We expect the transaction to be closed in 30 days. The property will be leased back to¬†Harpo¬†for two years and the¬†studio¬†will continue to produce programming for OWN."
About 200 people work at the 3.5-acre(1.42-hectare) campus, which will sell for about $32 million, Crain's reported Sunday.¬†Harpo¬†said it expects to close the transaction in 30 days.
Winfrey first came to Chicago in 1984 to WLS-TV's morning talk show, "A.M. Chicago." A month later, the show was No. 1 in the market and renamed "The Oprah Winfrey Show" in 1985.
Winfrey moved to¬†Harpo¬†Studios¬†in 1990 and is credited with transforming the once-gritty industrial area to a neighborhood filled with families and trendy restaurants.
In 2011, then-Chicago Mayor Richard Daley named the street outside¬†Harpo¬†Studios¬†"Oprah Winfrey Way."