Time Inc. could sell Lakeshore Dr. campus in B’ham

BIRMINGHAM, Ala. (WIAT) – The Southern Progress Corporation building on Lakeshore Drive could go up for sale soon, according to a Time Inc. spokeswoman.

CBS 42 received word that Time Inc. executive Evelyn Webster spoke to employees at the Lakeshore campus Friday afternoon, letting them know about a possible sale.

Jill Davison, Time Inc. Vice President of Communications, confirmed Webster was in Birmingham Friday. Davison issued the following statement regarding the potential sale:

“Time Inc. has begun the process of exploring options to lease or sell a portion of, or its entire, Birmingham Lakeshore Drive campus. We will measure the economic benefit of all offers and will choose one that is best for us.”

Copyright 2014 WIAT-TV CBS42

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