• International School Closes on $17 Million Expansion Deal in Westchester County

  • JUNE 05, 2014 | ECONOMIC DEVELOPMENT, INT'L BUSINESS, REAL ESTATE

  • EF Academy’s New 100-Acre Campus Brings New Jobs, New Students to Region

  • The EF International Academy, a for-profit Swiss school, is the new owner of the Thornwood Conference Center, where it will welcome 800 new U.S. and international students next fall. The private, international boarding school, which will continue to operate its facility on the former Marymount College campus in Tarrytown, also will be hiring up to 100 new employees. Marissa Brett, president of the Westchester County Association, calls the repurposing of the conference center great news for Westchester.


    “Westchester is repurposing, rezoning, and recycling properties for new uses—which ultimately leads to more jobs, more occupied space, and a more vibrant business community,” said Brett. “Repurposing space for new use is a key component of the BLUEPRINT for Westchester campaign.”

    CBRE officials, who announced the sale, said the brokerage firm had an educational use in mind for the site, built by IBM and purchased in 1996 by The Legionaries of Christ, an order of Roman Catholic priests, according to a Westchester County Business Journal report.

    William V. Cuddy, Jr., CBRE executive vice president, and Budd Wiesenberg, vice president, CBRE, represented the seller, Legion of Christ, Inc., in the transaction. “With the infrastructure in place at the Thornwood Conference Center, a conversion to an educational use, with boarding for students, was identified early on as ideal for this unique property and we launched a targeted marketing campaign tailored to reach this community,” said Wiesenberg, in the company’s announcement.

    The Thornwood campus, which sold for $17 million, includes two buildings totaling 410,000-square-feet in space, and a number of amenities such as a cafeteria and dining room, 300-seat auditorium and conference center, dormitory-style rooms, landscaped courtyard, indoor recreation center, tennis courts, and jogging trails. Kind of makes you want to go back to school again, no?



  • Reader Comments

    No comments have been posted. Be the first!

    Post a Comment