Oprah Winfrey has decided to give up her sprawling Harpo Studios in Chicago.
The mogul has sold the property to a developer, but the studio – where Winfrey filmed “The Oprah Winfrey Show” from 1990 to 2011 – will remain at the location for another two years.
“We have entered into a purchasing agreement with Sterling Bay for the four-building Harpo Studios campus in Chicago’s West Loop,” Harpo told Crain’s Chicago Business in a statement. “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.”
About 200 people work at the 3.5-acre campus, which will sell for about $32 million, Crain’s reported Sunday. Harpo said it expects to close the transaction in 30 days.