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Studer purchases PNJ building

PENSACOLA  --  The home of the Pensacola News Journal for the past 45 years is now owned by Quint Studer.

The businessman paid 3.4 million dollars for the newspaper's property downtown.

It includes a city block at the corner of Romana and Jefferson Streets along with several nearby parking lots....
Nearly six acres in all.
The PNJ will lease the property for six months while they find new office space.
Studer has said he wants to build housing on the site.