GRAND FORKS -- A small group of partners plans to buy the Grand Forks Herald’s downtown building with the hope of attracting businesses and entities in the communications and professional sectors.

The group, Communication Central Building, announced Friday, May 25, it signed a purchase agreement with Forum Communications Co., the parent company of the Herald, to buy the building. The real estate holding group will consist of several interested parties with the goal of keeping the Herald located in the iconic structure, said Mike Kuntz, a co-founder of Icon Architectural Group in Grand Forks.

Neither Kuntz nor Forum Communications disclosed the purchase price. The agreement is simply for the building and includes no portion of the Herald’s news-gathering, advertising or printing business.

Forum Communications has negotiated a one-year lease for the Herald to remain in the building, said Korrie Wenzel, publisher of the Herald. He said that doesn’t necessarily mean the staff will vacate the building in a year, but that it’s simply the opening agreement.

Although the purchase price wasn’t disclosed, the Herald building originally was listed for sale at $3.47 million in November.

Wenzel said he doesn’t foresee the sale of the building affecting the number of staff the Herald employs.

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