Oprah Winfrey Selling Harpo Studios

But studio will remain on property for 2 more years

By Newser Editors and Wire Services

Posted Mar 17, 2014 8:13 AM CDT

(Newser) – 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."

This May 11, 2011, file photo shows talk-show host Oprah Winfrey reacting after a street outside her Harpo Studios in Chicago was proclaimed "Oprah Winfrey Way."   (M. Spencer Green)
This May 11, 2011, file photo shows Chicago Mayor Richard M. Daley presenting TV talk-show host Oprah Winfrey with a sign after a street was named in her honor outside her Harpo Studios in Chicago.   (M. Spencer Green)
This Sept. 15, 2011, file photo shows Rosie O'Donnell, right, with Oprah Winfrey looking on, speaking to the media after the unveiling of a new sign outside Harpo Studios welcoming "The Rosie Show."   (M. Spencer Green)
This Sept. 15, 2011, file photo shows Rosie O'Donnell, right, and Oprah Winfrey speaking to the media after the unveiling of a new sign outside Harpo Studios welcoming "The Rosie Show."   (M. Spencer Green)
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