Developer KDC teamed with Hoque Global to acquire the former headquarters building and site of the Dallas Morning News in downtown Dallas. The partnership will pay $33 million to Morning News owner A.H. Belo Corp. for the Morning News’ former office and printing press at 508 Young St. JLL, TAG Realty and Philip S. Smith & Co. negotiated the agreement.
The 69-year-old, 325,000-square-foot property is next door to the Dallas Convention Center, and across the street from the Union Station rail transit hub. The property was among sites pitched to Amazon for its HQ2. The sales agreement indicated that if it is resold to Amazon, that proceeds would be shared with A.H. Belo. The Morning News staff occupied the building from 1949 to late 2017, when it relocated to the historic Dallas Public Library building on Commerce Street.
The transaction is scheduled to close before the end of this year.
Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.
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