The former Birmingham News production building at 2200 4th Ave. North recently sold for $1.5 million.
The buyer Birmingham-based News Properties LLC plans to transform the 97,000 square-foot building into a Class-A, self storage facility.
The Birmingham Design Review Committee approved the concept in February. Birchfield Penuel & Associates is the architect.
Christy Roddy and William Ledbetter of Cushman & Wakefield/ EGS Commercial Real Estate represented the seller, Advance Local Media LCC, the parent company of Alabama Media Group. Eddie Greenhalgh, first vice president of investments, for Marcus & Millichap's Birmingham office represented the seller.
"As a Birmingham native we are excited to be a part of the continued revitalization of downtown Birmingham. We look forward to providing first class service in this self storage project for the business community and the growing residential population in the city center," Brent Fields, one of the owners of News Properties LCC, said in a statement.
The former news production building was built in 1982 on 1.60 acres.
Alabama Media Group moved the printing of the Birmingham News to Atlanta in January 2017.
Greenhalgh said the conversion of the building to self storage represents a wider revitalization of Birmingham's downtown area.