Charlotte Observer building's sale closing date extended

Staff Writer

CHARLOTTE, N.C. (AP) — The closing date for the sale of The Charlotte Observer's uptown property to real estate company Lincoln Harris has been extended to May 2.

The Charlotte Observer (http://bit.ly/1N3x7Yt ) reports that the sale had initially been set to close at the end of October, but real estate documents filed last week show that Lincoln Harris is conducting due diligence on the 9.4-acre property.

California-based McClatchy, the newspaper's parent company, transferred ownership of the property to its pension fund in 2011, as part of a deal to cover a $50 million payment obligation.

Lincoln Harris has been under contract to buy the site since May, but the company hasn't said what it plans to do with the property. No purchase price has been listed.

Lincoln Harris President Johno Harris declined to comment.

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