January 5, 2005 - Archdiocese of Boston to Market 4 Additional Parish
Properties in 90-day Process
(Boston, Massachusetts) January 5, 2005…The
Archdiocese of Boston today announced it will begin soliciting offers
for the sale of four properties associated with its reconfiguration plan. These
four properties join sixteen previously announced properties that have
been soliciting offers since November 15, 2004. Offers, solicited over
a 90-day period, will be evaluated at the conclusion of that process. At
the conclusion of the process the Archdiocesan Real Estate office and
the Real Estate Advisory committee will review the offers. They will
make their recommendations to the Chancellor. The Chancellor will review
the financial terms. He will then forward his recommendations to the
Vicar General, who in turn will review the recommendations in light of
other considerations, including social concerns. The Vicar General will
then forward his recommendations to the Archbishop concerning the received
offers. If the Archbishop is inclined to accept the offers, the required
permissions will be sought from the College of Consultors, the Finance
Council and, where needed, from the Holy See.
“Each decision will be based on many factors
including proposed property used, price and contingencies,” stated David
W. Smith, Chancellor. “It is our hope to maximize the financial consideration
consistent with the needs of the communities we serve. Only reconfiguration
expenses and Finance Council recommended fiscal year 2005 budget items
will be funded from property sale proceeds pending the completion of
a financial strategic planning process initiated by Archbishop Sean with
assistance from the Archdiocesan Finance Council.”
The Chancellor will report on these expenditures monthly in the Pilot.
The Archbishop also has indicated his intention to expand the Finance
Council’s membership to ensure it has the breadth of expertise to contribute
substantively to the development of this strategic financial plan on
a timely basis.
Details regarding these properties and the
corresponding listing brokers follow:
Property/Location
|
Broker
|
Building Area*
|
Land Area
|
Year Church was Built
|
Building Type
|
|
Blessed Sacrament,
Jamaica Plain
|
Mike Foley
Conway Commercial
617-269-8310
|
72,711 SF
|
135,390 SF
|
1890
|
Church, rectory, convent, school
|
|
St. Ann University Parish, Boston
|
Chris Griffin
Cushman & Wakefield
617-204-4147
|
18,700 SF
|
20,731 SF
|
1891
|
Church
|
|
Immaculate Conception, Winchester
|
Patrick Cavanagh
CBRE/Whittier Partners
617-867-2339
|
49,469 SF
|
97,230 SF
|
1954
|
Church, rectory, convent, hall, school
|
|
Sacred Heart, Lowell
|
Michael Harkins
Harkins Real Estate
978-475-1121
|
30,000 SF
|
84,121 SF
|
1884
|
Church, rectory, convent
|
* The square footage included in the building area is the total of all
buildings including basement space.
The reconfiguration of parishes in the Archdiocese of Boston began in
January of 2004, when there were 357 parishes divided into five regions. Since
that time, 47 parishes have closed and other parish communities have
welcomed those parishioners. When reconfiguration is completed, it is
estimated that 83 parishes and 67 churches will have been closed, eight
new parishes will have been created and eight churches will remain open
as worship sites. This activity will result in 283 parishes serving
the cities and towns that comprise the Archdiocese of Boston.
|
