CBRE Upstate NY Brokers Sale of Former Medaille University Campus

CBRE Upstate NY, an affiliate of CBRE, today announced the sale of the nearly 14-acre campus that was previously home to Medaille University to Charter School Development Corporation (CSDC), a non-profit developer of charter school facilities.

“At CSDC, we are dedicated to eliminating barriers to access choice and equity in under-resourced communities nationwide. We wholeheartedly support the vision of Buffalo Academy of Science Charter Schools and are honored to be a partner in this game changing campus that will positively impact the community.,” said Mark Zeizel, senior vice president, real estate investments and strategy with Charter Schools Development Corporation.

“Being able to move BuffSci programs to the former Medaille campus is a tremendous opportunity to further our mission of providing academic experiences that prepare our students for college and careers of the highest potential,” said Dr. Joseph Polat, executive director of Buffalo Academy of Science Charter School (BuffSci), “there are few better settings to inspire future generations than a university campus like this.”

“It’s bittersweet to see the campus officially change hands, but it is gratifying to know that CSDC and BuffSci will maintain the campus as a place of high academic standards for future generations,” said Michael J. Moley, chair of the Board of Trustees for the Office of the Institution Formerly Known As Medaille University.

CBRE Upstate NY’s brokerage team led by Shana Stegner, represented the Office of the Institution Formerly Known As Medaille University in the sale of the seven buildings on campus.

Read more about the deal:
Former Medaille campus sold to charter school developer, to become BuffSci (The Buffalo News)
Former Medaille University campus sells for $9.9M (Buffalo Business First)

About CBRE Upstate NY
CBRE Upstate NY, an affiliate office of CBRE, offers a full range of commercial real estate advisory and transaction services across New York state with offices in Buffalo, Rochester, Syracuse, and Albany. CBRE Upstate NY specializes in landlord/owner representation, tenant/buyer representation, investment sales, consulting, and research services. A number of the firm’s brokerage team are active members in highly regarded professional designations such as the Society of Industrial and Office Realtors (SIOR) and Certified Commercial Investment Members (CCIM). CBRE Upstate NY team members also hold memberships in industry organizations such as National Association of Industrial and Office Properties (NAIOP), International Council of Shopping Centers (ICSC), Building Owners and Managers Association (BOMA), Urban Land Institute ULI), Commercial Real Estate Women Network (CREW Network), and the National Association of Corporate Real Estate Executives, and the Industrial Development Research Council. Learn more at www.cbre.com/upstateny.