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Sterling Bay buys Oprah’s West Side Harpo campus for $30.5 million

Fast-growing Chicago-based real estate developer Sterling Bay Cos. recently closed on its acquisition of the four-building West Side facility of the production company founded by Oprah Winfrey, paying a combined $30.5 million in five different land transactions for about 170,000 square feet of space.

Back in October, representatives of Winfrey’s Oprah Winfrey Network confirmed that the onetime talk-show queen’s Harpo Productions had hired a real estate firm to evaluate selling some of the 3.48-acre Harpo Studios campus.

Then, in March, Harpo officials announced that they had agreed to sell the campus to Sterling Bay for an undisclosed amount and lease it back to Harpo for two years.

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