Greyhound Corp. said Tuesday that it has sold the downtown Los Angeles bus terminal and 10 other terminals for a total of $79 million.
The 11 separate sales also included terminals in San Diego, San Jose and Santa Rosa. Also sold were terminals in Dallas; Chicago; Baltimore; Philadelphia; St. Petersburg, Fla.; Norfolk, Va., and Kansas City, Mo.
Individual prices for the terminals, which were sold during December, were not released.
The terminals are all run by outside operators and will continue to serve as Greyhound facilities, a company spokeswoman said. However, when the contracts with the operators run out, the new owners could opt to put the terminals to a different use, she said.
The purchasers generally are private investors or real estate developers, although a few of the terminals were bought by the cities where they are located.