University Park, Pa. -- Penn State will sell two properties in Cumberland County and purchase another adjacent to Penn State Abington, following approval by the University's Board of Trustees on Friday (Sept. 15).
In Carlisle, Pa., the University will sell a property at 310 Allen Road, which was purchased in 1998 for use as administrative and warehouse storage for the Dickinson School of Law. However, planned improvements to the law school have rendered the facility unnecessary.
The 10.85-acre property, containing an 18,980 square foot office building and a 10,000 square foot warehouse facility, will be sold to Cumberland County for $2.4 million. The University will lease the warehouse at market rates for an interim period during completion of the law school facilities.
The University also will sell an undeveloped .73-acre property in The Peninsula Development just north of Mechanicsburg, Pa., that was donated to the University in January by Joseph D. Snyder. With no specific use for the land and no obligation to retain it, the University will sell the property to C&S Residential Builders Inc., which has offered the full asking price of $99,000. At the request of the donor, the net sale proceeds will be designated to fund the Joseph D. Snyder Family Athletics Scholarship.
Additionally, the University will purchase a .55-acre property at 1718 Cloverly Lane, adjacent to the north campus at Penn State Abington. The property includes a two-story, six-bedroom residence and three-story detached garage. It has been offered to Penn State for $639,400.