College of New Rochelle, set to close, taps advisers to sell off 16-acre campus

TRD TRI-STATE /
Jun.June 26, 2019 06:40 PM

A campus owned by the College of New Rochelle (CNR), which is preparing to shutter operations this summer, has retained A&G Realty Partners and B6 Real Estate Advisors to manage a potential sale of the 15.6-acre site, the Daily Voice Plus reported. Both firms are now soliciting bids for the property, which could be redeveloped as a residential, senior housing or research and development facility, according to LoHud. Melville-based A&G specializes in advising distressed clients looking to offload real estate assets, while New York-based B6, formed a year ago this month by former top Cushman & Wakefield broker Paul Massey, handles investment sales and capital markets advisory work in the real estate arena. CNR’s campus has 20 buildings that contain more than 425,000 square feet of space. A dominant feature of the property, as noted by DVP, is a 19th century castle built as a summer home for former New York hotel operator Simeon Leland. [DVP] — Brian Baxter


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