February 11, 2020
CBRE arranged the sale of 24 Maple Ave. and 115 Centre Ave. in New Rochelle, NY, a 2.02-acre site that housed the former Blessed Sacrament School. Mill Creek Residential Trust acquired the transit-oriented development site with plans to build a 334-unit apartment community.
As part of the deal, Mill Creek will be delivering a new parish center to Blessed Sacrament parish which continues to serve the New Rochelle Catholic community. CBRE’s William V. Cuddy, Jr. and Jacqueline Novotny represented and advised the Church of the Blessed Sacrament in the transaction.
“Blessed Sacrament Parish recognized the opportunity to convert its unused property to support its ongoing mission,” said Cuddy, EVP at CBRE. “We are thrilled to have the site trade hands to such a well-regarded player in the multifamily sector known for creating thoughtfully-designed apartment communities in thriving markets throughout the country.”
For comments, questions or concerns, please contact Paul Bubny