The headquarters site at 444 Front Street West was sold in 2012 to three real estate firms (RioCan Real Estate Investment Trust, Allied Properties Real Estate Investment Trust, and Diamond Corporation) who planned to redevelop the site at Front Street West into a retail, office and residential complex. In 2016, the newspaper moved to 351 King Street East, adjacent to the former Toronto Sun Building. It now occupies five of the new tower's 17 stories, and is named "The Globe and Mail Centre" under a 15-year lease.