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New York & Tri-State  + Fairfield/Westchester  + Apartments  |  February 11, 2020
Paul Bubny
By: Paul Bubny

Parish Center Site Trades in New Rochelle

CBRE arranged the sale of 24 Maple Ave. and 115 Centre Ave. in New Rochelle, NY, a 2.02-acre site that housed the former Blessed Sacrament School. Mill Creek Residential Trust acquired the transit-oriented development site with plans to build a 334-unit apartment community.

As part of the deal, Mill Creek will be delivering a new parish center to Blessed Sacrament parish which continues to serve the New Rochelle Catholic community. CBRE’s William V. Cuddy, Jr. and Jacqueline Novotny represented and advised the Church of the Blessed Sacrament in the transaction.

“Blessed Sacrament Parish recognized the opportunity to convert its unused property to support its ongoing mission,” said Cuddy, EVP at CBRE. “We are thrilled to have the site trade hands to such a well-regarded player in the multifamily sector known for creating thoughtfully-designed apartment communities in thriving markets throughout the country.”

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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