Oprah Winfrey is selling Harpo Studios in Chicago to a developer, but the studio will remain on the property for another two years.
Harpo Inc. Said in a statement that it has entered into a purchasing agreement with Sterling Bay Cos. For the four-building campus on Chicago's West Side.
Crain's Chicago Business reports today that about 200 people work at the 3.5-acre (1.42-hectare) campus, which will sell for about USD 32 million. Harpo says it expects to close the deal in 30 days.
Harpo also says they will lease back the studios for two years and will continue to produce programming there for the Oprah Winfrey Network.
Winfrey filmed "The Oprah Winfrey Show" at the studio from 1990 to 2011, when she ended the talk show to start her cable network.
