WPCNR NORTH END NEWS. Special to WPCNR from Our Sisters of Divine Compassion. (EDITED) May 30, 2014:
Following a ten-year, in-depth strategic planning process and a two-year review of the future of its 16-acre Good Counsel campus in White Plains, the Sisters of the Divine Compassion said today that they are exploring the sale of all or a portion of the property.
They have retained CBRE Group Inc., to determine interest in the property and to market it.
The campus at 52 North Broadway is adjacent to the White Plains commercial center and includes 12 buildings comprising 162,180 square feet.
Among the buildings are the Roman Catholic order’s Motherhouse, which today also serves as a convent, administrative offices, and a spirituality and conference center. The site also includes the Good Counsel Academy Elementary and High Schools, the RDC Counseling Center, and the Chapel of the Divine Compassion.
“We have been blessed to be the stewards of this wonderful property for 124 years,” said Sister Carol Wagner, RDC, President of the Sisters of the Divine Compassion, “and our mission and ministries throughout the region emanate from here. At the same time, to assure that we continue our mission and that we are able to provide for the Sisters particularly in their later years, upon careful reflection and thorough analysis we are actively researching and exploring the possible sale of the property.”
She said that the future of the Good Counsel Schools is a particular concern. The schools have a long history of academic excellence, graduating young women and children who later in their careers serve in their professions locally and globally as leaders and agents of compassion and change in the world.
Both schools have outgrown the existing facilities on the campus. The Board of Trustees and administration of the schools, who report to the Sisters, are exploring various options and potential locations for the schools. While the Sisters of the Divine Compassion serve within the Archdiocese of New York, the Good Counsel Schools are independent and are owned and operated by the Sisters.
Currently, there are 400 students attending Good Counsel High School, and 160 students enrolled at Good Counsel Elementary.
CBRE is serving as the exclusive real estate agent for the property. The CBRE team is headed by William Cuddy, Executive Vice President. A resident of White Plains, he is fully familiar with the unique nature of the campus.
“This is a significant and iconic property,” Cuddy said. “Because of its strategic location and its in-place infrastructure, it provides the perfect investment opportunity for a real estate investor or an academic institution. Our initial marketing outreach will gauge the level and type of interest there is in the property, an essential step for the Sisters to be able to explore options and strategically plan for the future.”
Sister Carol said: “We recognize that for us to continue to serve the needs of so many and to preserve our mission, we must explore paths that while difficult are necessary.” She said the Congregation has been working with a group of local planning, real estate and business professionals. “We are very fortunate to have a team of expert professionals who understand our mission and are committed to our future, as we formulate strategies and plans to move forward.”