Friday 13 November 2009

TorSun leasing

The mysterious new owners of the Toronto Sun building at 333 King Street East have agreed to a 10-year leaseback for Sun space, says a TSF tipster.

The tipster says remaining Sun staff learned yesterday they are being moved to another area on the second floor.

Previous tipsters have said 333 would become a condo, but the recession probably curbed that plan.

Others have said the building will be leased to multiple businesses, which seems more likely with the Sun's leaseback.

So the Toronto Sun becomes a tenant in the six-storey building it built in the 1970s with Doug, Peter and Don at the helm. Sad times.

Surprisingly, no TSF tipster has come up with a name for the new owners. What's the story there?

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