Episcopal Divinity School Sells Portions of Campus to Lesley University

From Boston-

The Episcopal Divinity School (EDS) has sold select portions of its campus in Cambridge, Mass. to Lesley University, thereby eliminating underused property, reducing operating costs and growing its endowment.

McCall & Almy, a Boston-based commercial real estate brokerage, represented EDS in the transactions.

When first consulted by EDS, McCall & Almy was presented with a 200,000 SF portfolio of residential, administrative and educational buildings on eight acres of land within a few blocks of Harvard Square. With an ongoing budget deficit that posed challenges to the institution's endowment, McCall & Almy presented the Board of EDS with several options for consolidating its assets and reducing its liabilities, with solutions ranging from relocation to identifying potential users for select campus buildings.

More here-

http://bostonrealestate.citybizlist.com/7/2011/4/24/Episcopal-Divinity-School-Sells-Portions-of-Campus-to-Lesley-University.aspx