Oprah Winfrey is selling Harpo Studios in Chicago 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. About 200 people work at the 3.5-acre campus in Chicago's West Loop, which will sell for about $32 million, Crain's Chicago Business reported yesterday.
"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," Harpo told Crain's in a statement. When Winfrey moved to Harpo Studios in 1990, she was 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."