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The Baltimore Sun building at 501 N. Calvert St.
The Baltimore Sun building at 501 N. Calvert St. (Baltimore Sun 2000)

State records show the building on North Calvert Street leased by The Baltimore Sun and a neighboring parking garage were sold to Atapco Properties for more than $15 million.

Chicago-based Tribune Media sold the properties to Atapco, a Baltimore-based real estate investment and management firm, in May, The Sun had reported, but at the time the buyer did not disclose the price.

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The building at 401 N. Calvert St. and 501 N. Calvert St. sold for more than $10 million, while the garage at 601 N. Calvert sold for $5.5 million, according to State Department of Assessments and Taxation. The two-block property encompasses more than 435,000 square feet on 5 1/2 acres. Much of the space is unoccupied, including a cavernous area that once housed the newspaper printing presses.

Kevin McAndrews, president of Atapco, could not be reached Tuesday.

Tribune spun off The Sun and its other newspapers in 2014 but kept their real estate. The company sold the Port Covington building that houses The Sun's printing presses later that year to Under Armour founder and CEO Kevin Plank's Sagamore Development for $46.5 million, though The Sun has a long-term lease on the building.

The Sun also has a lease until June 2018 on the Calvert Street property where its news and administrative offices have been located since 1950.

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