Member News

GE Inks $31.5m Deal to Sell Fairfield Campus to Sacred Heart University

General Electric Co. didn’t need to go far to find a buyer for the nearly 67-acre Fairfield campus that served as its headquarters since 1974. In fact, the company didn’t need to leave the neighborhood.  GE has inked a deal with Sacred Heart University, located across Route 59 in Fairfield, to sell the property for $31.5 million. The site includes two office buildings totaling about 500,000 square feet, 800 parking spaces, a 28-room hotel, and a helicopter landing pad. Sacred Heart is expected to complete its purchase by the end of the year.
Read Full Article

More news from NAICU

  • McMahon’s Nomination Advances to the Senate Floor
  • Legacy Admissions in D.C. Could End Because of These Students
  • Seton Hall Defends President on Title IX
  • Franklin & Marshall College Name City College of New York Dean as 17th President
  • As Trump Targets Universities, Schools Plan a Counteroffensive
  • Saint Augustine’s U Faces Ticking Clock to Fix Finances
  • Back to Article Overview