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'Star-Telegram' selling downtown annex

FORT WORTH -- The Star-Telegram plans to sell its four-story downtown annex building and an adjacent surface parking lot, as well as two other downtown parking lots.

The decision is part of the newspaper's efforts to reduce costs, said Chet Wakefield, senior vice president of operations.

"We're trying to get more efficient in our operations," Wakefield said. "We pay quite a bit to maintain the annex building. It is our intent to sell it."

The listing will include the 75-space parking lot adjacent to the 30,000-square-foot building, a 22-space lot near Texas and Taylor streets, and a 66-space lot at Monroe and Texas streets.

The annex, at the southwest corner of Fifth and Taylor streets, primarily houses the newspaper's classified-advertising operations, features copy desk and credit union. About 100 employees will be moved to the Star-Telegram main building by year's end, Wakefield said.

The buildings are connected by a skywalk.

The newspaper bought the annex in 1978 from Tarrant Savings Association, which opened the building in 1960. Tarrant Savings merged with Empire of America Savings Bank in 1982. Empire failed in 1990 and was taken over by the Resolution Trust Corp.

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