Gwynedd Mercy University sells 150-acre property to Beacon Capital Partners affiliate for $31.5 million


GWYNEDD VALLEY, Pa.–(BUSINESS WIRE)–Gwynedd Mercy University today announced that a subsidiary of Beacon Capital Partners, LLC has purchased a 150-acre property adjacent to the university’s main campus on Sumneytown Pike for $31.5 million. A portion of the proceeds from the sale will be used to support strategic investments that align with the University’s vision to become a Catholic university leader in professional education and health care. More details on those plans will be shared later this month.

The University made the decision to sell the property following careful consideration of its space requirements through a recently completed Master Facilities Planning process and considerable interest from potential buyers.

“Just as our decision to purchase this property presented a unique opportunity to acquire prime real estate, the decision to sell it at this time will move the University forward in realizing our vision for the future. “said Gwynedd Mercy University President Deanne H. D’Emilio, JD. “We remain focused on transforming our existing campus by adding more facilities and state-of-the-art technologies that support innovative teaching and learning initiatives designed to enhance existing programs and support new market-relevant programs. We are delighted to have been able to enter into an agreement with Beacon, which will use the property to support advancements in the fields of life sciences, an area that aligns with our focus on professional and healthcare innovation.

Beacon is a leader in the development of state-of-the-art life science research and development facilities and is focused on expanding its footprint in the Philadelphia area.

“This acquisition demonstrates our commitment to supporting suburban Philadelphia as a hub for life science research as it drives life-changing innovation. We look forward to working thoughtfully with the township to create a development plan that includes public spaces and life science education for the community,” said Steve Purpura, President Life Sciences, Beacon Capital Partners. “We expect this to be the next chapter in the region’s long history of innovation, as well as the creation of high-quality jobs and tax revenue.”

Gwynedd Mercy University has recently undertaken a number of upgrades to existing campus facilities and plans to make further changes over the next 24 months. More details on these plans will be shared shortly.

“As we approach our 75and anniversary and emerging from the pandemic with a clear vision and plan for the future, we are excited about the many opportunities the sale of this property presents for our current students and future alumni,” said D’Emilio. “Our reputation for preparing Distinctive Mercy Graduates who make a real and lasting difference in the communities where they live and work is well known and we look forward to providing our students with even more opportunities to pursue their dreams.

About Beacon Capital Partners, LLC

Beacon Capital Partners is a private real estate investment firm with a 75-year heritage of successful real estate development, ownership and management. Beacon invests in high quality office and life sciences properties in key markets with a highly skilled workforce. Beacon has refined a proprietary investment sourcing model and developed a robust operating platform to transform properties into distinctive workplaces that appeal to today’s tenants. This hands-on approach transforms properties through innovative design, state-of-the-art connectivity, modern amenities, risk management and award-winning sustainability initiatives. From Fortune 100 companies to leading innovative and growing companies, Beacon tenants are proud to call home its distinctive workplaces. Beacon is headquartered in Boston with offices in Chicago, Los Angeles, Denver, New York, San Francisco, Seattle and Washington, DC. For more information, please visit www.beaconcapital.com.

About Gwynedd Mercy University

Gwynedd Mercy University prepares students to become top professionals in nursing and other health professions, arts and sciences, business and education. Founded by the Sisters of Mercy in 1948, Gwynedd Mercy University is a coeducational institution offering more than 40 bachelor’s, master’s, and associate degree programs as well as two full-time and part-time doctoral programs. The university’s main campus is located on 160 private acres on Sumneytown Pike between Routes 309 and 202 in the Gwynedd Valley, Montgomery County. The university also offers field and online study programs for working adults. Learn more at gmercyu.edu, or follow us on Facebook, Twitter and Instagram.

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