|3/26/2013 3:17:00 PM|
Academy eyes post office block
Catholic Sentinel photo by Clarice Keating
St. Mary’s Academy is purchasing nearby city block.
With an eye toward expansion, St. Mary’s Academy is in the process of acquiring the University Station Post Office, located on a city block at 1505 SW Sixth Ave.
No details of the transaction have been released. However, St. Mary’s Academy board chairman Bob Harold confirmed they are in the due diligence phase of purchasing the building, which public records indicate is owned by a German trading company.
The school has in past years had a larger applicant pool and is experiencing a need for more space to accommodate program expansion. The school’s leadership team and board of directors have been looking at opportunities to expand the campus for the past several years.
The St. Mary’s Academy board of directors placed securing additional space at the top of its list of strategic priorities, one that will allow the school to enhance curricular and co-curricular programs and serve more students.
“The former U.S. Postal Service office property fits our profile, as it is adjacent to our downtown location. The board is very excited about the options this property will provide to enhance the educational experience,” said Harold.
Scott Weigel and Kevin Kaufman, with the commercial real estate firm CBRE, Inc., initially contacted St. Mary’s about the potential expansion opportunity. This led to St. Mary’s looking at an agreement to purchase the University Station post office block. “CBRE is excited to be a part of St. Mary’s long-term growth and the transformation of this growing part of the city,” said Mike Wells, managing director.
“The school has a bright future, and to be ready to meet that bold vision, we would definitely benefit from additional space,” said St. Mary’s Academy President Christina Friedhoff. “An additional block would increase our footprint in downtown Portland, a location which has greatly benefitted our students.”
Post office operations have been relocated to the Waterfront Station, at 101 SW Madison St.