Oprah Winfrey is set to sell her Harpo Studios to Chicago developer Sterling Bay after putting the complex up for sale months ago. A lease-back agreement will keep Winfrey’s media company on the site for two more years as part of the pact, which will take effect within 30 days. Winfrey first established her namesake studio in 1990 anchored by her talk program The Oprah Winfrey Show but ended the series in 2011 to start OWN Network. Harpo Studios currently employs over 200 in Chicago. “We have entered into a purchasing agreement with Sterling Bay for the four-building Harpo Studios Campus in Chicago’s West Loop. The property will be leased back to Harpo for two years and the studio will continue to produce programming for OWN,” a Harpo spokesperson confirmed in a statement.
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