Friday, May 26, 2017

Episcopal Divinity School’s 8-acre campus for sale in Harvard Square

From Boston-

The Episcopal Divinity School is selling its 8-acre campus at 99 Brattle Street in Cambridge’s Harvard Square area as it prepares to decamp for Manhattan’s Union Theological Seminary in late 2018.

Because of its location, the property, which includes more than a dozen buildings totaling 155,374 square feet, will instantly become one of the biggest and most well-positioned commercial listings in the entire Boston region when the school officially puts it on the block sometime after June.

Episcopal Divinity has not disclosed an asking price yet. However, Cambridge Day’s Marc Levy notes that a July 2016 analysis prepared for school trustees said a sale could add $25.5 million to Episcopal Divinity’s assets by the start of the next decade.

More here-

No comments: