NYT sells Herald-Tribune properties

BUYER: RPS Main Street Sarasota LLC, Daytona Beach
SELLER: NYT Management Services Inc.
PROPERTY: 1743 Main St., Sarasota
PRICE: $17.4 million
PREVIOUS PRICE: $6.5 million, April 2003
PROPERTY: 300 S. Tamiami Trail, Venice
PRICE: $2.1 million
PREVIOUS PRICE: $800,000, August 1987
LAW FIRM ON DEED: Morgan Lewis & Bockius LLP, Philadelphia

BUYER: NL Ventures VIII University LLC (principal: Peter Carlsen), Dallas
SELLER: NYT Management Services Inc.
PROPERTY: 1800 University Parkway, Sarasota
PRICE: $2.25 million
SELLER: The New York Times Co.
PROPERTY: 1800 University Parkway, Sarasota
PRICE: $2.25 million
PREVIOUS PRICE: $1.97 million, November 1982
LAW FIRM ON DEED: AIC Ventures LP, Austin, Texas

PLANS, DESCRIPTION: As part of Halifax Media Group's purchase of the New York Times Regional Media Group, the Daytona Beach company acquired two of the Sarasota Herald-Tribune's offices, and arranged for Dallas-based AIC Ventures to buy a third.

Halifax Media Group purchased the newspaper's 72,408-square-foot downtown Sarasota office for $17.4 million and its 9,631-square-foot Venice satellite location for another $2.1 million.

The price for both equated to $238 per square foot.

At the same time, Austin, Texas-based investment firm AIC Ventures purchased the newspaper's 103,400-square-foot University Parkway printing plant in two deeds reporting a total acquisition price of $4.5 million.

The price equated to $43.52 per square foot.

AIC Ventures acquired the property and a separate 101,000-square-foot facility in Spartanburg, S.C., in a sale-leaseback transaction.

Halifax Media Holdings is a portfolio company of Stephens Capital Partners LLC. It purchased 16 newspapers from The New York Times Co. in early January for $143 million.