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July 26, 2005 - Archdiocese of Boston Announces Reconfiguration Property Closings

(Brighton, MA) July 26, 2005… The Archdiocese of Boston today announced that the following reconfiguration properties have been sold and their real estate closings completed.  These agreements result primarily from the solicitation of offers that began on November 15, 2004. 

The properties that have closed recently:

Property Name Location Buyer Intended Use Broker

Former St. James Church, rectory convent, & school

Medford

North Shore Development

Housing

Brian McKenzie Richards Barry Joyce & Partners 617-439-7813

Former St. Joseph Church, rectory, convent, and school

Salem

Planning Office for Urban Affairs

Housing

Jim Belli             Codman Co.             617-897-8102

Former Blessed Sacrament Rectory

Quincy

John Farrell & Skip Mofford

Housing

Theresa Donovan Coldwell Banker      617-696-0075

Former St. Joseph Church, rectory, school, house

Waltham

Carlisle Equity Partners

Mixed Use

Eastport Real Estate Services, Inc.      781-890-5855

Former St. Joseph Church, rectory, hall

Hyde Park

Greater Faith Worship Center

Worship

Jim Belli

Codman Co.

617-897-8102

Former St. Peter Church, rectory

Malden

Grace Church of God

Worship

Jim Belli             Codman Co.             617-897-8102

The Archdiocese entered into these agreements with the assistance of its Real Estate Advisory Committee and upon receiving approval from the College of Consultors and the Archdiocesan Finance Council. 

The Process for Evaluating and Accepting Offers

The offers, solicited over a 90-day period, were evaluated by the Archdiocesan Real Estate office and the Real Estate Advisory Committee. After these consultations, Chancellor David Smith brought forth recommendations to Archbishop Sean for the Archbishop’s consideration.  The Archbishop then presented offers for these properties to the members of the Archdiocesan Finance Council and the College of Consultors for their approval, which he received.

The Archdiocese will continue to solicit and review bids on a number of properties associated with its reconfiguration plan.  A complete list of properties being marketed is available at http://www.rcab.org/Parish_Reconfiguration/realEstate.html

Due to declining numbers of clergy, changing Catholic demographics and financial pressure, the Archdiocese of Boston began the process of parish reconfiguration in January of 2004. Through this process, the Archdiocese has sought to serve the needs of area Catholics by building parish communities with resources to match needs. To date, 62 parishes have closed or merged as part of the reconfiguration process.

 

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