The Boston Globe is close to reaching an agreement to sell its Morrissey Boulevard headquarters to a Concord commercial real estate firm, the newspaper said.
CEO Mike Sheehan said the Globe is in the process of completing a purchase-and-sale agreement with Winstanley Enterprises, which has plans for mixed uses on the 16.5-acre site in Dorchester.
"We had a number of bids. We pared it down to three," Sheehan said. "We should have a (purchase and sale agreement) in a couple of weeks."
Winstanley currently owns and operates 43 buildings totaling about 5.5 million square feet throughout New England, according to its website.
The Globe had hired commercial real estate firm Colliers International to identify potential buyers. Sheehan declined to say how much the property will be sold for, but real estate experts have estimated it could be worth as much as $75 million.
Sheehan said the three offers were chosen as finalists in part because of price, but also because of what the bidders planned to do with the property.
"If I lived in this neighborhood, that's exactly what I'd want here," Sheehan said.
In a memo to employees, Sheehan said the Globe is likely to move out of its 815,000-square-foot headquarters at the end of 2016 or the beginning of 2017.
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