SFC Sells 180 Remsen Street Campus to Affiliate of Rockrose Development
Brooklyn, NY, April 3, 2023 — St. Francis College is proud to announce the start of a new chapter. On March 31, 2023, St. Francis College sold its 180 Remsen Street campus to BK Acquisition Three L.L.C., an affiliate of Rockrose Development. The 180 Remsen Street campus is comprised of five buildings on Remsen and Joralemon Streets, between Court and Clinton Streets. St. Francis College operated out of Remsen Street from 1960 through 2022, when it moved to a new, state-of-the-art, custom-built campus at 179 Livingston Street located in Downtown Brooklyn.
With this sale, St. Francis College continues to advance SFC Forward: Strategic Vision for 2023 and Beyond, which includes: transitioning the College to a new, state-of-the-art, custom-built campus; investing in new academic programs, infrastructure, and technology; and ensuring the College’s continued reputation of providing a first-class, high quality education; firmly planted in our Franciscan values of community, collaboration, and connection.
Tim Cecere, Acting President of St. Francis College, commented, “St. Francis College will always cherish the countless memories, traditions and rich legacy of the 180 Remsen Street campus. At the same time, we recognize our College community is better served in a more modern, custom-built facility located in the same amazing Brooklyn community we have been a part of for more than 160 years. This sale allows us to continue to focus on the future success and growth of the College Driven by Dreams. We are now in a better position to address our challenges and expand our academic programs while attracting a wider group of local and international students to St. Francis College.”
Cushman & Wakefield brokered the sale, with a team led by Dan O’Brien.
About St. Francis College:
St. Francis is a private, four-year college located in Downtown Brooklyn, founded by a group of Franciscan brothers in 1859 to become the first private school in the Diocese of Brooklyn. St. Francis prepares students to be leaders in their fields and contributing members of society. Today, the College has a diverse population of more than 2,500 students who come from New York City, across the United States, and over 70 countries from around the world. The College is also proud of its 20,000 plus alumni in service to their communities.
About Rockrose Development:
Rockrose Development is a family-owned and operated real estate company with 50 years of experience as an industry leader. Rockrose has completed over 70 projects, including development, acquisition, or repositioning of over 15,000 apartments, 6 million SF of office space, and 1 million SF of retail space, totaling 21 million square feet in New York City and Washington DC.
FROM: St Francis College
179 Livingston Street
Brooklyn, NY 11201
CONTACT: Ali Scott
Interim Director, Government, Community Relations, External Affairs
Email: [email protected]
Phone: (718) 489-2071