November 22, 2016
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.