Wednesday, June 21, 2017

Episcopal Divinity School’s Harvard Square sale hits a serious snag

From Boston-

The news that the Episcopal Divinity School was shopping its 8-acre campus at 99 Brattle Street in Cambridge’s Harvard Square dropped like a thunderclap in late May.

Given its location alone, never mind the size, it appeared the parcel had the potential to be one of the Boston region’s most important sales in living memory.

Yet, there’s a potential snag to any smooth sale: Lesley University co-owns several of the campus’ buildings through a nearly decade-old condo agreement with the divinity school.

It was already known that Lesley and Episcopal had a property agreement. It turns out that that deal is much more intimate than previously thought—and, per Cambridge Day’s Marc Levy, it doesn’t look like Lesley is as keen to sell as Episcopal.

More here-

No comments: