The Cushman & Wakefield/NorthMarq team of Paul Donovan, Jaclyn May, Jeremy Striffler and Bill Rothstein has negotiated a $2.75 million purchase agreement with United Properties for The Chancery, a Summit Avenue property in St. Paul currently owned by the Archdiocese of Saint Paul & Minneapolis.
Despite the agreement, the sale is subject to approval by the U.S. Bankruptcy Court, and additional offers will be accepted on the property through March 18, 2016. Any interested parties should contact Jeremy Striffler at 612-305-2108. Property information can be found at http://ebrochure.cushwakenm.com/TheChancery.
The Chancery is a two-building, approximately 59,000 sq. ft. complex at 226 and 230 Summit Ave. in St. Paul. The complex sits on 3.38 acres of land and has impeccable redevelopment potential, with easy access to the State Capitol, Interstate 35E, Xcel Energy Center and downtown St. Paul. The 226 Summit property is an office building, and 230 Summit served as the residence of the Archbishop.
Cushman & Wakefield/NorthMarq earlier this year negotiated the $4.5 million purchase of the Hayden Center, a former Archdiocese school, and continues to list three other properties for the Archdiocese, including 224 and 250 Dayton in St. Paul and 10310 295th Street West in Northfield.