Laboure College Buys, Renovates Milton Campus With $9 Million MassDevelopment Bond
Laboure College uses Mass Development Grant to renovate brand new campus in Milton, MA.
July, 2013: Milton, MA: Labouré College and the Sisters of St. Joseph of Boston today announce the sale of the former Aquinas College property on 303 Adams Street in Milton. Labouré, a small, private, Catholic college with a distinct focus on education in nursing and health sciences, has acquired the property and will continue to use it for educational purposes.
Labouré will renovate the building and create a new campus with modern facilities to benefit current and future students. The new facility is located only 1.3 miles from Labouré's current location. Labouré will begin renovations to 303 Adams Street this summer and begin the move to the new campus in the spring of 2013.
"The college community is excited about the move to 303 Adams Street," Labouré President Maureen Smith commented. "We are blessed to have found a location that will provide us the room we need to grow while remaining part of the Lower Mills community. We look forward to working with our new neighbors at Fontbonne Academy and the Sisters of St. Joseph."
The building is part of what was originally known as the Wigglesworth Estate – a 17 acre parcel subdivided into three segments. The five acre segment which has been sold to Labouré College, is the site of the former Aquinas College, which opened as a secretarial school sponsored by the Sisters of St. Joseph in 1956. Aquinas College closed in 2000. Situated on the remaining twelve acres is Fontbonne Convent, the home of over 25 Sisters of St. Joseph, as well as Fontbonne Academy, which opened in 1954 and where the mission of the Sisters of Saint Joseph, to care for the dear neighbor without distinction, is woven throughout every facet of school life.
In speaking about the sale of this property, Sister Rosemary Brennan, CSJ, President of the Sisters of St. Joseph, says, "We are happy that the Sisters of St. Joseph have found a new owner who will use this parcel of property to continue the mission of Catholic education in the Archdiocese of Boston. We are confident that Labouré College will be a good neighbor whose mission is compatible with that of the Sisters of St. Joseph."
Cushman and Wakefield of Massachusetts represented Labouré College as advisor in its new campus acquisition, as well as arranged its acquisition financing. Financing was provided by Blue Hills Bank.
Labouré's current campus in Dorchester will be renovated and used as clinical space affiliated with Carney Hospital.
Contact:
Katelyn Dwyer,
Director of Communications and Publications
Labouré College
617-934-2481 ext. 4004
Katelyn_Dwyer@laboure.edu
Joanne Gallagher
CSJ, Director of Communications for the Sisters of St. Joseph of Boston
617-746-2110
Joanne.gallagher@csjboston.org
Laboure College uses Mass Development Grant to renovate brand new campus in Milton, MA.
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