Penn State to purchase West College Avenue property

May 14, 2010

University Park, Pa. — Penn State will purchase a 1.275-acre property on West College Avenue in Ferguson Township.

The University's Board of Trustees on Friday (May 14) approved the purchase of the property at 1445 W. College Ave. from Craig W. and Kathleen L. Kissell for $2.6 million. Located west of the intersection of West College Avenue and Corl Street, the property is contiguous with the University Park campus.

A 24,000-square-foot, two-story commercial building and parking lot are included on the land, which provides the University with future expansion opportunities, said Al Horvath, senior vice president for finance and business/treasurer.

The property is west of other properties purchased by the University in the past two years.

(Media Contacts)

Last Updated June 03, 2010