Suffolk Benefits from Sale of University Buildings

Suffolk University has sold two of its campus properties for $43.5 million. The two buildings sold were the Gleason L. & Hiram J. Archer building at 20 Derne St. and the Frank J. Donahue Building at 41 Temple St. The properties were sold to an affiliate of Center Court Properties of New York. The proceeds from the sale of the properties will go toward upgrading the University’s facilities as well as advancing academics through technology and other equipment across the university.

Suffolk University’s Sawyer Business School, will specifically see upgrades to the 5th floor of David J. Sargent Hall, located at 110-120 Tremont St. David J. Sargent Hall is home to the Suffolk Law School. The fifth floor will be renovated to provide space for use by Sawyer Business School graduate students, faculty and staff. The Frank Sawyer Building, home of the Sawyer Business School will also undergo renovations. The 12-story building was completed in 1914 and became the home for the Business School in 1981.

Suffolk will also use the funds to finish a new academic building at 20 Somerset St. The new building is a $62 million, 110,000-square-foot facility that will feature general-use and science classrooms, a cafeteria and multiple lounges and an adjacent outdoor gathering space. The new academic building will open during the Fall 2015 semester.

University President Margaret McKenna state in a press release that the sale of the buildings is “an important step in providing students with technology-enhanced classrooms that encourage collaboration and innovation. “The sale also provides resources for us to make important campus improvements that will foster exciting new working relationships among faculty, students, and programs,” she said.

 

 

regions: Boston

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